Mortgage Stress Tests

Published: March 31, 2018, 8 a.m.

b'How do you raise interest rates without actually raising interest rates? Canada is leading the way in instituting a mortgage stress test that forces borrowers to qualify at a higher rate than the actual rate in the market. A full 2% higher than the actual rate. What is the effect of this approach? Find out today on the Real Estate Espresso podcast.'