Absolutely not. There is no sense enforcing the B-20 rules. Let's just look at a renewal. If you're a consumer, you have a mortgage. If you're a borrower, you have a mortgage. You want to get a better rate. You want to search for a better rate. You're not looking for one dollar more of financing. You're not wanting to change your mortgage one penny.
However, the banking rate literally says, “We have to impose a 2% stress test on this thing by which you cannot get one single extra cent.” You're just looking for a better deal on your mortgage and there's no reason.... The regulator has not even developed a convincing reason. It's very mysterious why they think it's still important to have a stress test. It makes no sense that you can't shop for your mortgage.
Wouldn't everybody here who has a mortgage like to be able to shop effectively for it? Why should that 2% stress test stand in the way? It doesn't make any sense.
Yes, that's a change I'd make.