You can find a lot more detail about 1/6  BIS central bankers' speeches  this and other stability issues on our Financial System Hub on the Bank’s website. Now, I hear all the time from people who say this stress test should not apply in housing markets that have not been overheating.
But the point of the change to B-20 was not to cool housing markets. The point was to increase the future resilience of new household debt. All Canadians face the risk of higher interest rates, not just those in hot housing markets.