qualifying rate

Concerned about a higher mortgage stress test

The Mortgage Stress Test Has Already Increased for Some Borrowers

March 22, 2022 1 Comment

All eyes have been on the Bank of Canada’s rate tightening and its impact on variable mortgages, but now there are fresh concerns given the flurry of recent increases to 5-year fixed mortgage rates.

Insured and Uninsured Mortgage Stress Test Changes Confirmed for June 1

May 21, 2021 4 Comments

Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage.

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qualifying rate

The Mortgage Stress Test Has Already Increased for Some Borrowers

Insured and Uninsured Mortgage Stress Test Changes Confirmed for June 1

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