Okay, but it still leaves a fair bit of daylight. If I have an insured mortgage, which by definition is more likely to default than an uninsured mortgage because the uninsured mortgage is greater than 20% down, why is the government allowing the insured mortgage holder to shop without doing the stress test but OSFI is forcing a stress test to be done for the uninsured? How is that a fair application of relief, if you will?
On February 13th, 2024. See this statement in context.