Published
Canadians will see no changes when it comes to purchasing or refinancing their homes in the upcoming year.
In its annual review, the federal agency overseeing financial institutions said the mortgage stress test will remain in place despite the Bank of Canada's recent interest rate hikes.
As Kyle Benning reports, experts say the stress test has worked as intended, but some question whether it's realistic.
For more info, please go to https://globalnews.ca/news/9350422/canada-bank-regulator-mortgage-interest-rate/
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In its annual review, the federal agency overseeing financial institutions said the mortgage stress test will remain in place despite the Bank of Canada's recent interest rate hikes.
As Kyle Benning reports, experts say the stress test has worked as intended, but some question whether it's realistic.
For more info, please go to https://globalnews.ca/news/9350422/canada-bank-regulator-mortgage-interest-rate/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
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- U.S. & Canada
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- global news, stress test, home ownership
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