According to Ratehub.ca ’s mortgage affordability calculator, a family with an annual income of $100,000, a 10 per cent down payment and five-year fixed mortgage rate would have qualified for a ...

For the first time since the government implemented new stress test rules on Canadian home loans, the bar has been lowered — meaning a would-be homebuyer could be approved for a bigger mortgage ...

Under new rules, borrowers who passed the higher-rate stress test when getting their mortgage won't have to do it again when they renew You can save this article by registering for free here. Or ...

For example, if there were no stress test at all, a borrower with an annual household income of $135,000 and a minimum down payment could qualify to purchase a $750,000 home (assuming an interest ...

Canada's banking regulator is expected to make an announcement regarding the interest rate used in a key stress test for uninsured mortgages this morning. New homes are built in a housing ...

Among the changes under consideration by OSFI are new interest rate stress tests. The regulator noted that floating-rate and short-term mortgages can carry “heightened” payment and renewal risks, so ...

The mortgage stress test, extended to uninsured mortgages in January 2018, has generated a diversity of opinions. Its proponents argue that the stress test has introduced financial discipline while ...

Stress tests are a great way to check the stability of your bank. And while they may not have been around when the 2008 financial crisis happened, it’s good to make sure they’re effective and ...

The Bank of Canada has cut its benchmark five-year mortgage rate to 4.79 per cent, its lowest level in about three years. Bank of Canada Governor Tiff Macklem is seen during a news conference, on ...