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The mortgage stress test is like Buckley’s cough syrup: “It tastes awful. And it works.” Some young Canadians are finding it harder to buy homes. Mortgage insurance levels have declined by 15 to 20 per cent since the minister of finance extended the stress test to five-year mortgages in October 2016. “The real reason young people can’t buy houses is that they are just too expensive,” writes Evan Siddall.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
