Getting a mortgage becomes harder
Bank of Canada has increased benchmark rate that is used for stress test.
What does mean?
Client with $60,000 annual income having 5% down payment,
could buy a property for $300,000, today becomes $290,000.
Bank of Canada has increased benchmark rate that is used for stress test.
What does mean?
Client with $60,000 annual income having 5% down payment,
could buy a property for $300,000, today becomes $290,000.