9 Out Of 10 Builders Say The Mortgage Stress Test Impacted Sales
byDepending on who you ask, Canada’s mortgage stress test has been a blessing or a curse. The test, which requires borrowers to prove they…
Mortgage Stress Test
TREB Calls On Ottawa To Rethink Mortgage Stress Test
byDoes Canada still need the mortgage stress test? TheToronto Real Estate Board doesn’t seem to think so. On Wednesday, John DiMichele, chief executive of TREB questioned…
Finance Minister Says Stress Test Is Not In The Cards For Private Lenders
byFinance Minister Bill Morneau says the federal government has no plans to impose Canada’s mortgage stress test on private lenders. READ: 3 Home Buying Trends…
Private Lenders Might Need To Adhere To Mortgage Stress Test Rules
byThe mortgage stress test has done its job of slowly cooling Canada’s hot markets. Since it was implemented in early 2018, the test was…
HELOC Holders Face New Challenges In Getting A Second Mortgage
byThings just got a little more complicated for Canadians holding a home equity line of credit (HELOC). Last week, TD Bank—Canada’s top HELOC lender—quietly…
3 Ways Rising Interest Rates Will Affect You And How You Can Prepare For Them
byOver the past few years, it seems every expert has told us interest rates would rise. Now, now after years of record-low rates, the…
Why new rules for mortgage funding will hike your fixed rate
byIn late 2016, the federal government drastically shook up many home buyers’ plans by introducing the much-loathed mortgage stress test. The new rule requires…