FINANCE MINISTER MAKES ANNOUNCEMENT TO EASE STRESS TEST ON INSURED MORTGAGES
Latest News Kim Stenberg 18 Feb
These changes will come into effect on April 6, 2020 — definitely a step in the right direction! The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of Finance Canada states, “the […]
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