Posted on October 7, 2019 by LeRoy Warden & Associates
On January 1st 2018, new mortgage rules came info effect, often called the Stress Test, to ensure that home buyers can afford their mortgage payments should the interest rates increase. Home buyers with will need to qualify for a higher interest rate than the rate determine by the Bank of Canada.
This video will give you more information on the new mortgage rules:
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Post Your Comment: