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Among the new rules is a requirement that borrowers pass a "stress test" to gauge their ability to pay back the loan if mortgage rates were to rise. The goal of that policy effectively was to make it harder to get insurance, which would help make sure that people buying houses are financially able to do so.
CALL EFFIE for details: 604-316-4328. Category People & Blogs;. What are the new mortgage rules and stress test in Canada? – Duration: 4:56. Homebuyer’s School 2,186 views.
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