Latest stress test changes reduce buying power, impact first-time and move-up home purchasers in Calgary

Latest stress test changes reduce buying power, impact first-time and move-up home purchasers in Calgary

Recent changes to the mortgage stress test designed to cool down hot housing markets across the country may make it more difficult for some Albertans to purchase a home. Since the changes came into effect on June 1, the minimum qualifying rate for uninsured mortgages (i.e., residential mortgages with a down payment of 20 per […]

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