The changes to the federally mandated Canadian Mortgage Stress Test are now official and will be coming into place on June 1, 2021.
There was however one major tweak to the proposed changes and that is something you will want to know about if you are buying with less than 20% down.
In this video REALTOR® Steve Karrasch of Macdonald Realty, covers what you need to know about the changes, what effect they might have and also if the changes are going to be good or bad for first time home buyers.
Article:
https://www.canadianmortgagetrends.com/2021/05/insured-and-uninsured-mortgage-stress-test-changes-confirmed-for-june-1/
Don't miss our 1000 Subscriber Give Away https://youtu.be/gRggH_MqVX4
book time with Steve: https://calendly.com/stevekarrasch
call or text: 604-549-5828
email: steve@krproperties.ca
There was however one major tweak to the proposed changes and that is something you will want to know about if you are buying with less than 20% down.
In this video REALTOR® Steve Karrasch of Macdonald Realty, covers what you need to know about the changes, what effect they might have and also if the changes are going to be good or bad for first time home buyers.
Article:
https://www.canadianmortgagetrends.com/2021/05/insured-and-uninsured-mortgage-stress-test-changes-confirmed-for-june-1/
Don't miss our 1000 Subscriber Give Away https://youtu.be/gRggH_MqVX4
book time with Steve: https://calendly.com/stevekarrasch
call or text: 604-549-5828
email: steve@krproperties.ca