What are the New Mortgage Stress Test Rules?

By |2021-07-30T16:36:48-07:00July 30th, 2021|Governments, Real Estate|

The New Mortgage Stress Test Rules As of June 1, 2021, Canadian homebuyers are facing tougher mortgage stress test rules. These new rules will decrease the buying power of most borrowers. Who is affected by the new rules? The new mortgage stress tests will affect Canadian “uninsured buyers” applying for or renewing a mortgage. Before [...]