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 ...

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 ...

Under current stress-test rules, prospective borrowers should be able to afford their contract mortgage rate plus two per cent or a flat 5.25 per cent, whichever is higher.

He cites the two new stress tests as the primary cause of the 12.5-per-cent drop in home sales in Canada in the first half of 2018 on an annualized basis compared with all of 2017, and the 16.5 ...

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 ...