Non-bank lenders held 1.7 million residential mortgages in Q4 2018
StatsCan finds debt-to-asset ratio a better indicator of distress than debt-to-income
Reversal comes after six months of decreases
Regulator reports lenders are approving fewer mortgages for over-leveraged borrowers
The report argues that affordability of mortgage debt proves the stress test is working
"The stress test is doing what it is supposed to do," CEO Evan Siddall wrote to parliamentarians
Report warns homebuyer initiatives could increase household debt
The BoC governor said Monday that there are many possible variations on mortgage design
The market was already cooling when the test was introduced
Seasonally adjusted household credit market debt reached 178.5%