As you may well know, the Canadian government has recently made some changes to how Canadians qualify for insured mortgages. They have instituted what is being called a “stress test” for your mortgage. Here is a good explainer video that does an excellent job of summarizing these changes, and how they impact you directly if you are looking to qualify for a mortgage.
If you have any questions about the new qualifications, the stress test, or how it impacts you, please don’t hesitate to contact me anytime.
