Understanding the Mortgage Stress Test in Greater Vancouver

If you’re in the market for a new home, you may have heard about the stress test. But what exactly is it? And how will it affect your ability to buy a home? The stress test is a requirement for home buyers who are seeking an insured mortgage and have a down payment of less than 20 percent. Essentially, it means that you need to prove that you can afford a payment based on a certain minimum qualifying...

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