Changes to the stress test requirements starting in 2010 have helped keep house prices 3.4 per cent lower nationally than where they otherwise would have been, he said.
Some groups and economists have called for changes to the B-20 as property sales and house prices fall across Canada. Siddall called out critics who have asked for the stress test to be eased and other measures, like offering 30-year mortgage terms.
Source: Loan Digest (loandigest.net)
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