Mortgage stress test accounts for up to $15B drop in new mortgages in 2018: CIBC

Posted by Aleksandra Sagan, The Canadian Press

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Ottawa’s new mortgage stress tests accounted for at least half of the decline in new mortgages started last year, according to a new report by CIBC that calls for the measure to be revisited amid a falling housing market.

The total value of new mortgages fell by…Click here for full article.