There could still be challenges related to uneven demand
A report predicts home prices will drop by 10–15% through 2022
Canada's biggest banks have also lowered their prime lending rates for Canadians struggling due to Covid-19
Banks have fielded half a million requests for mortgage deferrals
Banks will allow customers to defer mortgage payments for up to six months
A new report suggests that easing housing market curbs could boost banks' credit risks
Economists predict the new test for insured mortgages will lead to a modest increase in purchasing power
Finance department says change will allow minimum qualifying rate to be "more representative of rates offered by lenders"
The bank cut its five-year posted rate for fixed-rate mortgages from 5.34% to 4.99%
Mortgage credit growth was down, but consumer credit surged