Hot off the press! The Canadian Mortgage Stress test is changing, making it harder to buy a home and hopefully cooling off the market!
In this video Steve Karrasch discusses the changes as per the CBC article below AND gives his opinion on if this is good or bad for the market.
https://www.cbc.ca/news/business/osfi-mortgage-stress-test-rules-1.5979558
In this video Steve Karrasch discusses the changes as per the CBC article below AND gives his opinion on if this is good or bad for the market.
https://www.cbc.ca/news/business/osfi-mortgage-stress-test-rules-1.5979558