Conservative MP Tom Kmiec wants a study on the impact of mortgage stress tests in cities that don’t have the feverish markets of Toronto or Vancouver, but he says Liberal MPs are ignoring the concern.
Kmiec, who represents the riding of Calgary Shepard, has so far brought forward two proposals to the finance committee, of which he is a member. Both times, the Liberal MPs on the committee turned down the proposals. The reasons cited were the short period of time since new stress test changes came into effect, and lack of time in the committee’s schedule.
