Housing Experts Call for Smarter, More Flexible Mortgage Rules

Experts believe excessive federal mortgage regulation is worsening affordability in Canada.
Provincial oversight is considered sufficient, while federal rules create barriers for buyers.
The stress test and strict underwriting limit access for young and middle-income households.
Experts note that current models ignore real-world affordability factors like rent and utility payments.
Loosening federal rules could boost mobility, increase housing supply, and stabilize the market.