Looking to avoid the mortgage stress test? What to know about alternative lenders
Posted on Feb 10, 2023
Article created and published by Craig Lord, Global News CA.
Some Canadian homebuyers hoping to qualify for the biggest mortgage they can get might have been disappointed by the decision this week to keep the stress test unchanged.
The Office of the Superintendent of Financial Institutions (OSFI) said in its annual review of the mortgage stress test...
Know the Local Market when You Sell
Posted on Feb 07, 2023
Greater Vancouver home buyers you do not need to have the mortgage stress included in your borrowing criteria essentially allowing you to qualify for 2% less.Implemented in 2018 by the fed the mortgage stress test was ultimately created to cool down the escalating market at the time. The policy has anyone that is looking to obtain financing need qu...