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Metro Vancouver homebuyers face unintended consequences of mortgage stress testing rules – Vancouver Sun

In Metro Vancouver, where the gap between incomes and home values makes the region an unaffordable outlier in North America, buyers are especially prone to get hit with unintended consequences of so-called mortgage stress testing. The test was introduced earlier this year by Canada’s banking regulator to keep homebuyers from taking on risky levels of … Continue reading “Metro Vancouver homebuyers face unintended consequences of mortgage stress testing rules – Vancouver Sun”

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