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Canadians face tougher stress test to get a mortgage Should you worry?

Article content This article was created by MoneyWise. Postmedia and MoneyWise may earn an affiliate commission through links on this page. The path to homeownership in Canada is getting even steeper. We apologize, but this video has failed to load. Try refreshing your browser, or Canadians face a tougher stress test to get a mortgage. Should you worry? Back to video Regulators plan to rachet up the country’s dreaded “stress test” qualifying rate for mortgage borrowers. As of June 1, loan applicants regardless of the mortgage rate they’ve been offered by their lender will need to prove they can afford an interest rate of 5.25 per cent before getting approved for funding.

LACKIE: Proposed stress test changes will hurt first-time homebuyers

LACKIE: Proposed stress test changes will hurt first-time homebuyers
timminstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timminstimes.com Daily Mail and Mail on Sunday newspapers.

LACKIE: Proposed stress test changes will hurt first-time homebuyers

LACKIE: Proposed stress test changes will hurt first-time homebuyers
cochranetimespost.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cochranetimespost.ca Daily Mail and Mail on Sunday newspapers.

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