CMHC Calls for Surtax on $1M+

Get your complementary P…

CREA, Rising Home Sales, 2022

: Despite headwinds, mos…

Calgary housing complex begins

Get your complementary P…

Gen Z Affordability Hurdle

Get your complementary P…

Misconceptions About Credit

Get your complementary P…

Bank of Canada, Omicron

Get your complementary&n…

Canadian Banks Bonuses

Get your complementary P…

StatCan: Racial Borrowing Disadv…

Get your complementary P…

Mortgage Debt vs. Borrowing Acti…

Get your complementary P…

Residential Mortgage Credit Risk

Get your complementary P…

«
»
Social Media
Visit Us On TwitterVisit Us On FacebookVisit Us On Instagram

Tag Archives: Stress Test

How the new mortgage ‘stress test’ will affect homebuyers

  • Written by:

TORONTO — In an attempt to try and cool down the overheated housing market, the federal government is making it tougher to get a mortgage starting June 1. The new stress test was announced by the Office of the Superintendent of Financial Institutions on May 20. Starting Tuesday, the new calculation of the minimum qualifying rate [&hellip…

Read more

Homebuyers to Face More Stringent Mortgage Stress Test After June 1

  • Written by:

Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) unveiled its proposed changes on Thursday, which would require borrowers applying for uninsured mortgages—typically those with more than a 20% down payment—to qualify at their mortgage contract rate plus two [&hellip…

Read more

Sections

Tools

About Us

Follow Us