13 September 2019

Collins says the boards call for a regional implementation of B-20 instead of the national one.

“I repeat we are not against the stress test in general. The deal is that a one-size-fits-all approach should be changed” – he added. “We believe a 30-year amortization could improve the conditions for Canadians who try to purchase houses”.

In Collins’ opinion, the real problem is the lack of supply, restrained by red tape. However, he’s glad that Ontario and Toronto municipal governments admit it. “The core of the issue is weak supply, as people want to buy homes but they don’t have enough choice”, – he said. “B-20 was introduced to offset it, but the focus should be on other things”.