Remove Mortgage Stress Test

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Please amend the mortgage stress test rule for Alberta, its stunting the Alberta’s already sluggish housing market.

This rule was designed for red-hot metropolitan housing markets such as Vancouver & Toronto, but the cities with slower markets — such as Calgary, Chester mere, Red Deer and Edmonton — suffer under the policy

Please make an Alberta solution based on local economic indicators and which reflects the needs of Alberta.

The mortgage stress test is a barrier to Albertan who have the means to buy new homes but find themselves unable to satisfy the federal government’s requirements.

Remove Mortgage Stress Test for Alberta.