The regulator expects the new requirements to take effect on Dec. 31
There was roughly $1.79 in credit market debt for every dollar of household disposable income
Relaxing underwriting standards can create financial instability, regulator argues
Find out the income required to cover costs and clear the mortgage stress test
Debt is easing but income has become a concern
Debt-to-income ratios are well over 200% in both cities
Higher mortgage rates are weighing on sales
Rising mortgage rates expected to affect housing demand and resale market
Plus, insight on when a variable rate beats a fixed rate for your client's mortgage
Affordability is the most important factor among first-time homebuyers, a survey says