Mortgage Stress Test - Mortgage stress test explained: How much can you afford when buying a home?

🔶New Mortgage Stress Test Relaxation For The Buyers Explained!🔶

If you are a buyer waiting to get into the market now is the time to jump in.
to get more details about this incentive. The federal government announced it is easing the “Mortgage stress test” for insured mortgages, which some experts say will loosen the barrier to entry — even if only somewhat — into Canada’s overheated housing markets. The new Mortgage Stress Test, which takes effect April 6, will slightly decrease the threshold, or the minimum rate, a customer has to pay to qualify for insured mortgages, while increasing the amount the customer can borrow.

Ishtiaq Ahmed
Sales Representative
Century21 Innovative Realty Inc. Brokerage
www.iwillsell.ca
☎️Call me at 416-999-6975
Visit www.real-estate-calculators.com for real estate mortgage calculators