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:

https://www.youtube.com/watch?v=N0w8RRiZRZY