Changes to the 'Stress Test' and what it means to you!

Mortgage Breaking News!

Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the "stress test" rate. Coming into effect April 6th, 2020, the new rate will vary and change regularly with the fixed rate. What this means for you? Roughly a 3% increase in buying power!

Let us know if you have any questions or want some more information on it!

Changes to the Stress Test