The rate cut will make borrowing cheaper, raising concerns about overheated housing markets
Fitch says changes to the stress test could raise credit risks for banks
The change isn't a game-changer, says economist Benjamin Tal
Economist Benjamin Tal says the test is “suboptimal”
The federal mortgage stress test is based on the posted rates at the big Canadian banks
Mortgage growth was down but remained above average
The current legislation supports a five-year term
But the sector’s growth in Canada has still outpaced traditional banking
The deceleration was led by slower growth in mortgage borrowing
Advisors can help clients worried about home ownership