The Mortgage Stress Test is Asinine
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The stress test is asinine, I am not aware of a single developed country that puts its citizens through this test. The Office of the Superintendent of Financial Institutions (OSFI) is treating Canadians like babies, unable to manage their own lives. In the meantime, mortgage rates have risen 1% and more and more Canadians can’t buy a home.
Stop blaming mortgage stress tests for killing the housing market | The Globe and Mail
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