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The problem with the Canadian government’s mortgage stress test

2019-02-26T23:22:54+00:00

Jan 15, 2019|Source: www.livabl.com On a recent segment of BNN Bloomberg, Toronto realtor John Pasalis voiced support for extended mortgage stress testing nearly a year to the day after the federal government introduced it. “The stress tests are great,” Pasalis says of the measure which requires mortgage applicants to qualify for their loans at a [...]

The problem with the Canadian government’s mortgage stress test2019-02-26T23:22:54+00:00

3 reasons high household debt in Canada won’t contribute to a US-style housing crash

2019-02-26T23:18:17+00:00

Jan 22, 2019|Source: www.livabl.com By one measure, conditions in Canada are reminiscent of those present in the US right before a stateside housing bubble burst, yet a repeat performance to the north is unlikely. Oxford Economics notes that the Canadian rate of debt to disposable income reached a record 167 percent last year, meaning for each [...]

3 reasons high household debt in Canada won’t contribute to a US-style housing crash2019-02-26T23:18:17+00:00