Scheer stress test 'fix' welcomed by housing sector, but impact to high household debt a concern

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Conservative stress test 'fix' welcomed by housing sector, but impact to high household debt a concern

The Canadian Mortgage and Housing Corporation declined to comment on Scheer’s announcement, but when asked about comments made by chief executive Evan Siddall regarding the stress test, a spokesperson said statements previously made in the public sphere remain unchanged.

"My job is to advise you against this reckless myopia and protect our economy from potentially tragic consequences," Siddall wrote at the time. "Alternative lending is an integral part of any normally functioning market. But a fast-growing alternative lending market is not," wrote author Benjamin Tal, who declined to comment further during the politically sensitive election period.

 

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Household debt ratio finally started to drop under the Liberals. Ford’s Developer Buddies’ contributions runneth over.

The CPC wants to make the rich richer and the middle class to be serfs for life!

This has to be one of the single most irresponsible policies announced yet. Will increase debt load, increase home prices and threaten the economy. This is exactly what caused the mortgage crisis in the U.S.

1.NDP want to subsidized rent 2.Liberals want the CMHC to own part of your house 3.The CPC want to fix the stress test as well as allow for 30 years mortgages The CPC still have the best policy!

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