It’s been just over six months since the Canadian government implemented their new mortgage qualification guidelines, otherwise known as the Stress Test. Under these new guidelines, which have themselves changed over the last six months, homebuyers must qualify for a mortgage at a rate of 5.34% or 2% higher than the negotiated rate (whichever [...]
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source https://pierrecarapetian.com/how-canadas-stress-test-is-affecting-homebuyers-and-homeowners/
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