How Does a Cooling Market Affect You?
Posted on Nov 25, 2022
How does a cooling real estate market affect buyers and sellers?
A variety of factors — including higher interest rates, rising inflation and the climbing cost of living — have all played a role in cooling much of Ontario’s residential real estate market.
Financial institutions have recently reported that rising interest rates are driving up the stre...
What is a Mortgage Stress Test?
Posted on Nov 16, 2022
What is a Mortgage Stress Test?
Everyone in Ontario applying for a residential mortgage has to pass what is known as a stress test. This is also the case for people who are refinancing their current home with a different lender, as well as those who are seeking a homeowner line of credit.
In a nutshell, a stress test is a method used by lenders to de...
