Canada's Mortgage Stress Test Might become a bit more lenient ...

Canada's mortgage stress test might become a bit more lenient according to a prediction from RateSpy.com . BMO and RBC have decided to cut its five year rate to 4.94% which could be critical factor in the reduction of the stress test minimum. "If it does go to 4.99%, a household making 100k with 5% down and no other debt can afforf about a $2000 bigger mortgage, versus today".

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