president testing Government

New mortgage stress test rules take effect. Here’s what you need to know

Reading now: 505
globalnews.ca

mortgage stress test rules that will decrease the buying power of most borrowers.The move, announced by the country’s banking regulator in May, was in response to an overheated market that has already started to see signs of cooling.The pace of home sales seen at the start of the year started to slow in April as the number of homes sold fell by 12.5 per cent compared with the record high set in March, according the Canadian Real Estate Association (CREA).

Canadian home sales fell 12.5% in April from record high, CREA says Even prices in the country’s largest market have started to stall.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA