What home buyers should know about the Canadian mortgage stress test

Author: External Author | | Categories: Home buying , Mortgage Broker

In late 2017, the federal government introduced a mortgage stress test for anyone applying for or renewing a home loan. But, if you’re like nearly half of Canadians polled by TD Bank in 2019, you may not understand what the test is—or who it affects. 

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Original Article Source Credits:   Money Sense , https://www.moneysense.ca/

Article Written By:  TAMAR SATOV 

Original Article Posted on:  MAY 27, 2021

Link to Original Article:  https://www.moneysense.ca/spend/real-estate/what-home-buyers-should-know-about-the-canadian-mortgage-stress-test/



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