NEW MORTGAGE STRESS-TEST CHANGES 2020
20 Feb
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Buying
Attention Toronto homebuyers! Just as the Toronto housing market began gaining its momentum due to the lack of supply in new listings which has caused some serious competition for homebuyers, the government had an important announcement to make which might heat things up a little more. The federal government has declared its adjustment of the […]
Mortgage Stress Test Rates Drop for The First Time Since 2016
26 Jul
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Buying
While the Bank of Canada’s mortgage rates in the OSFI Stress Test has proved to live up to its name since implemented back in January 2018. Last Friday, however, the banks finally decided to lower their mortgage rates for the first time in almost 3 years. The central bank’s five-year benchmark qualifying rate has dropped […]