Bank regulator proposes higher mortgage stress test level, making it harder to qualify for home loan

Bank regulator proposes higher mortgage stress test level, making it harder to qualify for home loan
Canada's top banking regulator is proposing to raise the mortgage stress test level to 5.25 per cent or two percentage points above the market rate, whichever is higher, making it harder to qualify for a home loan, shrinking the pool of qualified borrowers and ultimately bringing down house prices.

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