A New Conventional Stress Test Coming Soon
Posted on Apr 13, 2021
In hopes of calming the current housing market and assist financial stability for households. Canada’s banking regulator has proposed changes to strengthen the stress test applied to uninsured mortgages. ?
What does this mean for you?
It will affect Homebuyers with at least a 20% down payment who will be refinancing with at least 20% equity in their...
