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OSFI easing stress test requirements for uninsured mortgages when switching providers

CityNews
Summary
Nutrition label

84% Informative

OSFI easing stress test requirements for uninsured mortgages when switching providers.

OSFI says data shows the risks that the requirement had been intended to address “have not significantly materialized” In March , Canada ’s Competition Bureau recommended allowing uninsured mortgage borrowers to switch between banks without undergoing a stress test.

VR Score

86

Informative language

86

Neutral language

86

Article tone

informal

Language

English

Language complexity

78

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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