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Home » London Real Estate Blog: New Mortgage Stress Test – June 1st 2021

London Real Estate Blog: New Mortgage Stress Test – June 1st 2021

New stress test is coming for all mortgages in Ontario!

It starts June 1st, what does it mean for you?

  • Starts June 1st , 2021
  • All Mortgages Need To Meet New Regulations
  • Regardless Of What Your Actual Rate Is you Need To Qualify At 5.25% Minimum
  • It’s Like Having A Car For $500 P/M But Proving You Could Pay $1,000 P/M
  • Avoid By Having An Offer In Place Before June 1st

 

 

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