How Does the New “Stress Test” for Mortgages affect me?

By |2019-05-15T16:29:00-07:00October 17th, 2016|Real Estate|

What is the "stress test"? At the beginning of the month, Ottawa released the news that they would be introducing some new measures to make it harder for Canadians to take on a mortgage they can’t afford. On October 17th, 2016, the federal government’s new rules for first-time homebuyers take effect. Now all insured mortgage [...]