Changes to mortgage stress test to make it easier for some homebuyers to qualify

Author: External Author | | Categories: Debt Consolidation , First Time Homebuyer , Mortgage Broker , Mortgage Pre Approval , Mortgage Refinance , Mortgage Renewal , New to Canada Mortgage , Renovation Financing , Rental Properties , Second Home Mortgage , Self-Employed Mortgage , Spousal Buyout

Changes to mortgage stress test to make it easier for some homebuyers to qualify   The Star.jpg

Just as the Toronto housing market is gaining steam, the federal government is adjusting the stress-test rate for insured mortgages. The move is expected to make it easier for some people to purchase a home starting April 6.

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Original Article Source Credits: the star, https://www.thestar.com/

Article Written By Tess Kalinowski

Original Article Posted on : Feb. 18, 2020

Link to Original Article: https://www.thestar.com/news/gta/2020/02/18/changes-to-mortgage-stress-test-to-make-it-easier-for-some-homebuyers-to-qualify.html



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