Does everyone need to pass a Mortgage Stress Test?

Does everyone need to pass a Mortgage Stress Test?

In early 2018, legislative changes were introduced to Canada’s mortgage and housing rules that require all Canadian home buyers who are borrowing from a federally regulated lender to pass what is called the Mortgage Stress Test. Previously, only borrowers who had less...
Using Mortgage Professional

Using Mortgage Professional

Mortgage Professional There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in...