Mortgage Stress Test: Everything You Need To Know About It

Wednesday Aug 11th, 2021

Share
Toronto Condo Team

The new mortgage stress test rules are out. With these rules, it will be more difficult for new and renewing mortgage borrowers to be eligible for their home loan commencing June 1st, 2021. The “stress test” now looks at a higher threshold. The Introduction to Stress Test A mortgage stress test was introduced in 2018 for all Canadian homebuyers. This catered to validating whether they can make a down payment of 20% or more on a home. Additionally, new mortgage stress test... [read more]

READ MORE

Call Us Now Connect With Us