New stress test is coming for all mortgages in Ontario!
What does the new stress test starting June 1st, mean for you?
It is going to impoact exactly how much you can qualify for.
- Starts June 1st , 2021
- All Mortgages Need To Meet New Regulations
- Regardless Of What Your Actual Rate Is you Need To Qualify At 5.25% Minimum
- It’s Like Having A Car For $500 P/M But Proving You Could Pay $1,000 P/M
- Avoid By Having An Offer In Place Before June 1st
