Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after Canada's banking regulator imposed a new stress test for home buyers who don't need mortgage insurance. Sean Kilpatrick / THE CANADIAN PRESS
Stuart Thomson, March 21, 2019
The reviews have been mixed on the merits of the government’s new scheme to help first time home buyers, but there is consensus emerging that the effects won’t be felt in the housing market until as late as 2021.