Canada’s mortgage ‘stress test’ level falls for 3rd time since pandemic began
Rate falls to 4.79% to theoretically allow a borrower to be approved for a larger loan
CMHC
Canada’s mortgage insurer tightens rules as it forecasts home-price drop of up to 18%
The measures will help curtail “excessive demand and unsustainable house price growth”
Canada’s housing agency predicts house prices could drop up to 18 per cent
The latest real estate statistics show national home sales declined 57 per cent from March to April
COVID-19 will raise household debt levels and ‘drag on GDP growth,’ CMHC warns
As many as 20% of mortgages could go into arrears if the economic situation in Canada does not improve, Canada Mortgage and Housing Corp.’s Even Siddall said
Canada’s housing sector faces high degree of instability for eighth quarter: CMHC
The Canada Mortgage and Housing Corporation says the country’s housing sector is facing a high…