CMHC defends mortgage stress test changes amid calls for loosening rules – Saanich News

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CMHC head issues sharp defence of mortgage stress test as calls grow to loosen rules ‘Critics of the stress test ignore the fact that high house prices are the overwhelming reason why home.

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations. ” My job is to advise you against this reckless myopia and protect our economy from potentially tragic consequences,” wrote president and CEO Evan Siddall in a letter dated.

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The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from.

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy makers to hold the line amid calls for the measure to be changed. "The stress test is doing what it is supposed to do," wrote president and CEO Evan Siddall in a.

Canada Mortgage and Housing Corporation (CMHC) has defended mortgage stress test rules and warned federal policymakers to hold the line amid calls from industry associations to ease the rules. "My job is to advise you against this reckless myopia and protect our economy from potentially tragic.