Mortgage Blog

Category: How Much House You Can Afford Under Canada's New Mortgage Rules (1 posts)

New 2018 Mortgage Rules And How They Affect Homebuyers

New 2018 Mortgage Rules And How They Affect Homebuyers

January 2, 2018 | Posted by: Jatinderbir Singh Bajwa

Beginning on January 1, 2018, all new mortgages are subject to a stress test, even those with a down payment of over 20%. All mortgage applicants must now prove they can afford their mortgage payments ...

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