Mortgage Stress Tests
- Author
- Victor Menasce
- Published
- Sat 31 Mar 2018
- Episode Link
- https://podcasters.spotify.com/pod/show/victorjm/episodes/Mortgage-Stress-Tests-e18p61
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.
