This is a Canada news story, published by financialpost, that relates primarily to Competition Bureau news.
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new mortgage testfinancialpost
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79% Informative
Canada 's top banking regulator has had a change of heart after rejecting a call by Canada ’s Competition Bureau to treat mortgage stress testing equally at renewal.
The regulator plans to inform the banking industry formally in November that “straight switches” of an uninsured mortgage to a new financial institution will not require the new lender to assess the borrower using the minimum qualifying rate stress test.
Industry players had complained about the imbalance that required the stress test to be applied again when changing banks.
VR Score
86
Informative language
89
Neutral language
59
Article tone
semi-formal
Language
English
Language complexity
71
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5