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Alberta
Garth Lyon Senior Mortgage Professional

Garth Lyon

Senior Mortgage Professional


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Address:
103, 901-8 Avenue, Canmore, Alberta

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Homebuyers To Face More Stringent Mortgage Stress Test After June 1

4/9/2021

THINK OUTSIDE THE BOX:  Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages (typically those with more than 20% down payment). The stress test currently has a minimum qualifying rate of 4.79%, which is nearly 50 basis points lower.  Click here to read more.

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