How the new mortgage 'stress test' will affect homebuyers
In an attempt to try and cool down the overheated housing market, the federal government is making it tougher to get a mortgage starting June 1. The new stress test was announced by the Office of the Superintendent of Financial Institutions on May 20.
Original Article Source Credits: CTV News, https://www.ctvnews.ca/
Article Written By: Tom Yun
Original Article Posted on: 1st June 2021
Link to Original Article: https://www.ctvnews.ca/business/how-the-new-mortgage-stress-test-will-affect-homebuyers-1.5451606