**UNSPLASH/Jakub Żerdzicki**

**Canada's financial regulator is easing up on the stress test for some mortgages.**

The national banking regulator says it will no longer require borrowers with uninsured mortgages to undergo a stress test when switching providers, the Canadian Press reported. OSFI says as of Nov. 21, lenders will no longer need to apply the stress test when a borrower switches an uninsured mortgage loan from another institution for the same amount over the same amortization period, a so-called straight switch, CP reported. The stress test is designed to prove that borrowers have enough income to cover their mortgage payments at an interest rate that is two-percentage-points higher than their actual loan contract.