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What the Revamped Mortgage Stress Test Means for Toronto Homebuyers

The federal government recently announced big changes to the Mortgage Stress test. The stress test was originally put in place back in January 2018, ensuring that borrowers would be able to sufficiently pay for their mortgage in the event that mortgage rates moved higher. The controversial mortgage stress test was criticized for being too harsh [...]

The post What the Revamped Mortgage Stress Test Means for Toronto Homebuyers appeared first on HighGate.



This post first appeared on Toronto Real Estate Blog | Selling Your House In 2, please read the originial post: here

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What the Revamped Mortgage Stress Test Means for Toronto Homebuyers

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