The way Canadians qualify for a mortgage is changing; known as the ‘stress test,’ it may cause more stress as it will be harder to obtain a residential mortgage.
With so much in the news recently on mortgage rates, Ron Lefebvre explains the impacts of what the recent rate cut could mean for Edmonton homeowners, along with other helpful insights on this radio broadcast of The Ryan Jespersen Show on 630 | CHED.
Today, 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 2019 Federal Election is over. Will there be any changes to the guidelines and policies that make housing more affordable for hard-working Canadians?
Ron Lefebvre explains the impacts of the Liberal plan and the Conservative plan for supporting first-time home buyers on today’s radio broadcast of The Ryan Jespersen Show on 630 | CHED.