Originally introduced to mitigate borrower default risks in the event of rising interest rates, some brokers now argue that Canada's mortgage stress test is no longer needed with interest rates presumably near their peak.
JoinedJune 22, 2023
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Brett Surbey is a corporate paralegal and freelance writer based out of northern Alberta. His verticals focus on personal and business topics such as finance, corporate law, personal finance, and business development. His work has appeared in Forbes Advisor Canada, Publishers Weekly, Industry West Magazine, and various academic journals. He lives with his wife and their two children.
This is the final week of the federal government's consultation period for its proposed changes to the Canada Mortgage Bonds (CMB) program.
With the current combination of high interest rates, inflationary pressures, and higher mortgage payments, one would expect Canada’s structured bonds to decline in rating.
