Mortgage Rules Canada

• Stretching mortgage amortizations could cost you more than you think

  Extending mortgage amortization is a common way for lenders to offer relief to struggling consumers, but the strategy could cost homeowners more in the long run, experts say.

  Consumer

  Jul 8, 2023
  
• New mortgage stress test rules take effect. Here’s what you need to know

  As new mortgage rules take effect, experts discuss the implications for both borrowers and the broader housing market.

  Money

  Jun 1, 2021
  
• Advertisement
• New mortgage stress test rules are coming June 1

  The qualifying rate for residential mortgages with a down payment of 20 per cent or more will rise to the contracted rate plus 200 basis or 5.25 per cent, whichever is higher.

  Money

  May 20, 2021
• Advertisement
• Here’s how much house you’ll be able to buy with the new mortgage stress test

  Even homebuyers who don't require mortgage insurance will have to prove they can keep making payments at higher interest rates.

  Money

  Oct 17, 2017
• The Liberals tried to clamp down on Canadians’ debt. So far, it isn’t working.

  And it didn't really work the last time, either.

  Canada

  Feb 10, 2017