Close X
Wednesday, December 4, 2024
ADVT 
National

CMHC Says It Can Withstand A Severe Shock As It Passes Stress Test Scenarios

The Canadian Press, 18 Oct, 2017 11:45 AM
  • CMHC Says It Can Withstand A Severe Shock As It Passes Stress Test Scenarios
OTTAWA — Canada Mortgage and Housing Corp. says stress testing has confirmed its mortgage loan insurance and securitization businesses are able to withstand a severe shock.
 
The housing agency tested the strength of its businesses against several extreme scenarios.
 
It looked at the impact of an earthquake in a major urban centre, a steep drop in the price of oil and a U.S.-style housing correction where unemployment rises along with a fall in house prices of 30 per cent.
 
CMHC also examined an anti-globalization scenario that included a rise in protectionism, widespread use of tariffs and a euro-zone break-up.
 
The agency began publicly releasing its stress test results in 2015.
 
CMHC provides mortgage loan insurance for home buyers as well as securitization guarantee programs to help financial institutions.

MORE National ARTICLES

Vancouver Cops Catch Distracted Driver Twice In 8 Minutes, Issue $736 In Fines

Vancouver Cops Catch Distracted Driver Twice In 8 Minutes, Issue $736 In Fines
A driver in Vancouver needed just eight minutes to rack up more than $700 in fines and eight demerit points, all because of a reluctance to put down the phone.

Vancouver Cops Catch Distracted Driver Twice In 8 Minutes, Issue $736 In Fines

Woman Struggling With Husband's Parkinson's Asks Premier: 'Get Me A Doctor'

Woman Struggling With Husband's Parkinson's Asks Premier: 'Get Me A Doctor'
HALIFAX — Theresa Zukauskas says she wants Nova Scotia's premier to find her husband a family doctor as she struggles for the third time in five years to ensure he has proper care for his Parkinson's disease.

Woman Struggling With Husband's Parkinson's Asks Premier: 'Get Me A Doctor'

RCMP In Kamloops, B.C., Probe Suspected Targeted Shooting That Claims One Life

RCMP In Kamloops, B.C., Probe Suspected Targeted Shooting That Claims One Life
Witnesses report hearing numerous shots outside a Kamloops home at about 7:30 Thursday evening.

RCMP In Kamloops, B.C., Probe Suspected Targeted Shooting That Claims One Life

Woman In Coquitlam Dies After Being Knocked Over By Driver Of Mobility Scooter

Woman In Coquitlam Dies After Being Knocked Over By Driver Of Mobility Scooter
Mounties say an 86-year-old woman was bumped by a man driving an electric scooter at the corner of an intersection on Sept. 15.

Woman In Coquitlam Dies After Being Knocked Over By Driver Of Mobility Scooter

Rally Against Racism

Rally Against Racism
“We cannot let a single resident of Canada feel that they don’t receive the full complement of human and civil rights.” A message from Ohana that seems simple enough and overtly obvious and yet necessary in light of recent rallies.

Rally Against Racism

DARPAN’s 10 with Andrew Scheer, leader of the Conservative Party of Canada

DARPAN’s 10 with Andrew Scheer, leader of the Conservative Party of Canada
My vision is to show Canadians our positive Conservative vision based on the fundamental desire to see the quality of life improve for all Canadians. 

DARPAN’s 10 with Andrew Scheer, leader of the Conservative Party of Canada