13 min
EP 5: The Stress Test - What's it All About? The Kelly Hale Real Estate Podcast
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- Investing
The Mortgage Stress Test was originally introduced by the Canadian Government in 2016 with amendments since. Why was it introduced? How does it affect buyers, sellers and the real estate market?
Katy Mackenzie with The Mortgage Group answers these questions for us. If real estate affects you - listen in!
NEWS UPDATE: The Bank of Canada just lowered their mortgage qualifying rate from 5.34% to 5.19%!!
The Mortgage Stress Test was originally introduced by the Canadian Government in 2016 with amendments since. Why was it introduced? How does it affect buyers, sellers and the real estate market?
Katy Mackenzie with The Mortgage Group answers these questions for us. If real estate affects you - listen in!
NEWS UPDATE: The Bank of Canada just lowered their mortgage qualifying rate from 5.34% to 5.19%!!
13 min