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Should Canada ditch the mortgage stress test?

EPISODE · Aug 19, 2024 · 5 MIN

Should Canada ditch the mortgage stress test?

from Toronto Today with Greg Brady · host Corus Radio

Greg (@GregBradyTO) speaks with Dr. Eric Kam, Economics Professor at Toronto Metropolitan University, about Canada's real estate market experiencing a slow summer, despite interest rate cuts. This has prompted some in the industry to call for an end to the stress test – a tool that determines whether a person can qualify for a mortgage. But would it be a good idea? Learn more about your ad choices. Visit megaphone.fm/adchoices

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Should Canada ditch the mortgage stress test?

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