1.0Livablhttps://www.livabl.com/articlesKerrisa Wilsonhttps://www.livabl.com/articles/author/kerrisa-wilsonThis chief economist says Canada’s new mortgage stress test could have been better designed | Livablrich600338<blockquote class="wp-embedded-content" data-secret="MVKSs6MDBI"><a href="https://www.livabl.com/articles/archives/economist-canadas-mortgage-stress-test-designed">This chief economist says Canada’s new mortgage stress test could have been better designed</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.livabl.com/articles/archives/economist-canadas-mortgage-stress-test-designed/embed#?secret=MVKSs6MDBI" width="600" height="338" title="“This chief economist says Canada’s new mortgage stress test could have been better designed” — Livabl" data-secret="MVKSs6MDBI" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://www.livabl.com/articles/wp-content/uploads/2018/07/crea-stress-compressed.jpg1024666It’s been over six months since the new mortgage stress test rolled out across Canada with the aim of ensuring borrowers would be able to handle higher interest rates. However, one expert says the mortgage regulation needs to be improved to mitigate the impact on home buyers.