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The Latest in Mortgage News: Time to Rethink the Stress Test

Focus On Housing

The stress test is back in the crosshairs of industry analysts.

Earlier this week, CIBC World Markets Deputy Economist Benjamin Tal released a report that attributed an 8% drop in mortgage originations from 2017 to 2018 directly to the federal government’s stress test rules (B-20), which took effect on January 1, 2018.

That translates into a $13-$15 billion drop in lending activity in 2018 attributable directly to the stress test. Overall, activity was down about $25 billion from 2017, with the difference attributed to rising interest rates and lack of affordability in the country’s key markets.

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Jon Nichols

Jon Nichols
Century 21 Advantage
Phone: 403.302.0800
Email:

Denise Nichols

Denise Nichols
Century 21 Advantage
Phone: 403.302.9498
Email:

Jez Nichols

Jez Nichols
Century 21 Advantage
Phone: 403.392.7002
Email: