Jason Kenney promises to fight Ottawa's 'unfair' mortgage stress test rules - News Summed Up

Jason Kenney promises to fight Ottawa's 'unfair' mortgage stress test rules


Opposition Leader Jason Kenney says Alberta Premier Rachel Notley's government has failed to fight back against Ottawa's stricter rules on mortgages and he would push for changes to make it easier to buy a home. The stress tests are meant as a stopgap to make sure that anyone taking out home loans has the finances to weather increases in interest rates. Notley said the stress tests are something her government could explore, but added the stopgap exist for a reason. The provincial contribution comes from Alberta's carbon tax — a tax Kenney has promised he would repeal as the first order of a UCP government. Notley said a similar fate could await the transit project if Kenney were premier and the carbon tax money were gone.


Source: CBC News January 30, 2019 23:15 UTC



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