The bank’s analysis says tougher mortgage qualification tests have reduced the share of new high-leverage, insured loans — those of more than 4.5 times a borrower’s annual income — to six per cent in the second quarter of 2018 from 20 per cent in late 2016.
from Toronto Star | BUSINESS | PERSONAL_FINANCE https://www.thestar.com/business/personal_finance/2018/11/14/mortgage-risks-fading-thanks-to-higher-rates-tougher-rules-says-bank-of-canada-report.html
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