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CMHC stress test says house prices could drop 30% on interest rate spike


November 21, 2016
By CBC News

Ottawa – A sudden interest rate increase that spikes borrowing costs, causes a big drop in house prices and leads to the failure of a domestic financial institution could cost CMHC more than $1.1 billion in insurance losses, but the federal agency says it could weather the storm. CBC News reports. | READ MORE