A new report, authored by Mortgage Professional Canada's Chief Economist, Will Dunning takes a deep dive into the impacts of the stress tests on both insured and uninsured mortgages in Canada.
Entitled The False Binary, the report outlines how the current stress tests have contributed to a sharp decline in housing activity in Canada. Impacts within resale markets have received considerable attention and more importantly, construction of new homes and home renovations are now in the process of turning sharply downwards.
