50,000 Potential Buyers Could Be Blocked With The New Stress Test January 2018

Wednesday Dec 6th, 2017


The bank of canada has announced today that they are keeping the overnight lending rate the same. This seems to be good news based on the other issues such as the new mortgage stress test rules for those buyers looking to buy with 20% or more down payment coming into effect January 2018. Which there is to be an estimated 50,000 potential buyers out of the real estate market.  Looking at this recent article... [read more]