Ottawa unveils new mortgage stress test rules that will make it easier to pass

Tuesday Feb 18th, 2020

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Mortgage Rates

Ottawa unveils new mortgage stress test rules that will make it easier to pass On February 18, Minister of Finance Bill Morneau announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the stress test. The new minimum qualifying rate will be the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus two percentage points. TRREB has long called for adjustments to the... [read more]

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Manoj Arora

Manoj Arora

Broker of Record

ACE Team Realty Inc., Brokerage

Transforming Dreams into Realty!!

77 City Centre Drive, East Tower, Suite 501, Mississauga, Ontario, L5B 1M5

contact@manojarora.com

(416) 618-9753

(905) 488-3101
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