[New post] Bank of Canada Rate Hike Pushed Many Mortgage Borrowers Above Stress Test: BMO

Daniel Wong posted: " Canada's mortgage stress tests seemed excessive last year, but they were insufficient. The recent Bank of Canada (BoC) rate hike pushed a number of variable rate borrowers above their stress test rate. BMO warns these borrowers haven't been risk-tested f" Better Dwelling Bank of Canada Rate Hike Pushed Many Mortgage Borrowers Above Stress Test: BMO Daniel Wong Dec 8 Canada's mortgage stress tests seemed excessive last year, but they were insufficient. The recent Bank of Canada (BoC) rate hike pushed a number of variable rate borrowers above their stress test rate. BMO warns these borrowers haven't been risk-tested for the current environment.  Canadian Mortgage Borrowers Haven't Been Stress Tested For Rates This High The […] Read more of this post Comment Unsubscribe to no longer receive posts from Better Dwelling. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://betterdwelling.com/bank-of-canada-rate-hike-pushed-many-mortgage-borrowers-above-stress-test-bmo/ Powered by Jetpack