MORTGAGE STRESS TEST MAY BE GETTING EASIER!
FROM A RECENT SPEECH TO THE C.D. HOWE INSTITUTE BY BEN GULLY*The Mortgage Stress Test May Get More Reasonable | RateSpy.com
Here's some good news for mortgagors who've been blocked from qualifying for a mortgage due to the mortgage "stress test."
*BEN GULLY IS THE ASSISTANT SUPERINTENDENT - REGULATION SECTOR OF THE O.S.F.I.Sound Mortgage Underwriting: Foundation for Stability - Remarks to the C.D. Howe Institute, Toronto, Ontario, January 24, 2020
Good day and thank you for making the time to join me. Thank you for the kind introduction and to the C.D. Howe Institute for inviting me to speak. This is a wonderful venue for discussing important policy issues of the day.