The government's mortgage stress test (a.k.a. "MQR") kept borrowers and lenders mostly out of trouble as rates soared from March 2022 to June 2024. It was instrumental in reducing the buildup of overborrowing, at least at federally regulated prime lenders.
Now, it's under the microscope. Could it go away altogether?
Recent words from OSFI head Peter Routledge have hinted at just that.
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