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New Mortgage Stress Test to be Rolled Out in April

CoStar Insight: Home Ownership Still Out of Reach for Majority
Canada's finance minister has announced that the new stress-test methodology will reflect market rates. (Bank of Canada)
Canada's finance minister has announced that the new stress-test methodology will reflect market rates. (Bank of Canada)
By Jamil Jamani
CoStar Analytics
February 27, 2020 | 3:59 P.M.

After disappointing results from the first quarter of the First Time Home Buyer Initiative Program, the federal government is planning on revising the mortgage stress test requirements effective April 6, 2020.

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News | New Mortgage Stress Test to be Rolled Out in April