OSFI's guideline already stressed a mortgage at a 2% rate differential. The idea is to ensure that households can cope and be resilient—
On June 15th, 2023. See this statement in context.
On June 15th, 2023. See this statement in context.
Acting Associate Assistant Deputy Minister, Economic Policy Branch, Department of Finance
OSFI's guideline already stressed a mortgage at a 2% rate differential. The idea is to ensure that households can cope and be resilient—
See context to find out what was said next.