Homes: Stress Test and Evan Siddall

homes: Some young Canadians are finding it harder to buy homes, according to The Toronto Star. Mortgage insurance levels have declined by 15 to 20 per cent since the minister of finance extended the stress test to five-year mortgages in October 2016. And it works. The real reason young people can't buy houses is that they are just too expensive, writes Evan Siddall. Rene Johnston / Toronto Star It requires lenders to underwrite mortgages using an extra interest rate cushion above prevailing interest rates. And along with new housing supply, the stress test has prevented houses from being even less affordable. (news.financializer.com). As reported in the news.