Mortgage Stress Test Gets Relaxed by Fed

So finally after crushing the Condo and First Time home buyer Markets across Canada Finance Minister Bill Morneau takes a step in the right direction.

Lowering the Mortgage Qualifying "Stress Test" for CMHC Insured Mortgages, but not for uninsured mortgages yet.

Let's hope the next step is reducing the Stress Test for uninsured mortgages. 

Click this link for the VIDEO and full story from Bloomberg Business News Network Canada.

BNN Bloomberg Report-Mortgage Stress Test 

Enjoy, Rick G