Episode 41: Mortgage Stress Test Could Be Scrapped—Game-Changer or Disaster?

In this week’s episode, Alex Pang and Alex Shanks unpack the latest employment data, rental drama, and a growing storm of government mismanagement. Whether you’re a landlord, homebuyer, or just frustrated taxpayer—this one’s for you.

Here’s what you’ll learn:

• Why unemployment is spiking—especially for students—despite “steady” wage growth
• The professional tenant crisis in Ontario & BC and how platforms like OpenRoom.ca can protect landlords
• What happened to CRA’s promised income verification tool? Has it quietly disappeared?
• OSFI may scrap the mortgage stress test—what income-based lending caps could mean for affordability
• Why June 8th was Tax Freedom Day—and what that says about your hard-earned money
• Average asking rents drop year-over-year—but are still way up from 2-3 years ago
• The scandal around ArriveCan: $40M gone, 7-year vendor ban, but no one going to jail?
• Auditor General slams federal procurement as riddled with incompetence and corruption
• Case scenario: Upsizing in a down market using a refinance strategy
• Ontario recruiter fined for charging foreign workers thousands to work at Canadian Tire

Follow Our Host 

• Alex Pang 
• Alex Shanks