We entered 2018 with yet another big change for mortgages. The stress test previously reserved for insured mortgages became the norm for all mortgages (insured and conventional) originated at federally regulated financial institutions. I had the pleasure of being on Pulse FM with Ian Power discussing what the stress test means for home buyers, predictions on how it will affect our market, and tips on getting into the real estate market. If you are planning to invest in real estate, check out this short interview. Hopefully, it will answer some of your questions.
New Stress Rate – Interview with Pulse FM
Rates
Fixed Rates | Variable Rates | |
---|---|---|
1 year | 6.09 | x |
2 year | 5.99 | x |
3 year | 5.79 | 6.95 |
4 year | 5.49 | x |
5 year | 5.24 | 6.25 |
Last Updated: Tuesday 19th of September 2023
Recent Posts
- How Has Mortgage Lending Changed Since The Pandemic?
- Financial Resources to cope with COVID-19 in Canada
- You Bought a Pre-Sale Ages Ago, and It’s Finally (almost) Time to Move In!
- Case Scenario: Refinance to Consolidate Debt & Increase Cash Flow
- How Baby Boomers Are Driving the Reverse Mortgage Craze Forward