Business & MarketsEconomy

Industry Group Lobbies Ottawa to Ease Mortgage Stress Test

A better balance between encouraging home ownership and curtailing household debt is needed in Canada, says Paul Taylor, president and CEO of Mortgage Professionals Canada (MPC).
Save
Industry Group Lobbies Ottawa to Ease Mortgage Stress Test
A condo building is seen under construction surrounded by houses with condo towers in the distance in Vancouver. The federal mortgage stress test has had a cooling effect on the housing market and industry groups want it modified. The Canadian Press/Darryl Dyck
Rahul Vaidyanath
Updated:
OTTAWA—A better balance between encouraging home ownership and curtailing household debt is needed in Canada, says Paul Taylor, president and CEO of Mortgage Professionals Canada (MPC).

The target of MPC’s return to the nation’s capital to meet with MPs and senators in the run-up to the federal election is the now-infamous mortgage stress test, which, it says, is punishing first-time homebuyers and the Canadian economy.

Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
twitter
Related Topics