Home > Buyers > FAQs

Buyer FAQS

How will the new mortgage rules may affect me?

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:


No comments

Post Your Comment:

Search By Community

Search by Property Type

Where would you like to live

Get to Know your Community

Get to know us

Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.