Why scrapping the mortgage stress test is a bad idea

Home/Blog/Why scrapping the mortgage stress test is a bad idea
  • Advertiser Disclosure

    You’re our first priority.
    Every time.

    We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

    So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.

  • Why scrapping the mortgage stress test is a bad idea
    Why scrapping the mortgage stress test is a bad idea

    The federal government’s mortgage stress test was designed to ensure borrowers and lenders would be okay in a world of higher interest rates. The test, introduced Jan. 1, 2018, is both a simple and sensible way to temper risky behaviour. To qualify for an uninsured mortgage, home buyers must […]

    Go to Top