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4 problems with Canada’s mortgage stress tests that are hurting homebuyers and the economy

4 problems with Canada’s mortgage stress tests that are hurting homebuyers and the economy

by gbrTor89 | Sep 15, 2018 | Uncategorized

BACK TO MY BLOG’S MAIN PAGE >> 1. The stress test ignores potential income growth“The tests fail to consider the income growth that will occur by the time mortgages are renewed” — that’s Dunning’s first issue, as outlined in his latest study.The point of...

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