Canadians rush to get mortgages ahead of tougher tests in new year.
The B-20 rules, which take effect in January, mean borrowers taking out uninsured mortgages must be stress-tested to determine their ability to make repayments at a rate 200 basis points above their contracted mortgage.
Adnan Hashmi Real Estate Broker of Record
Wolf Realty Inc.,Brokerage
6478856364,9057961127
The B-20 rules, which take effect in January, mean borrowers taking out uninsured mortgages must be stress-tested to determine their ability to make repayments at a rate 200 basis points above their contracted mortgage.
Adnan Hashmi Real Estate Broker of Record
Wolf Realty Inc.,Brokerage
6478856364,9057961127
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