Ottawa Select Real Estate Blog

New mortgage stress test rules coming June

New mortgage stress test rules coming June

As of June 1st, Canadians seeking an uninsured mortgage – aka mortgages with a down payment of at least 20% – will need to pass a stricter stress test and prove they can afford payments at a higher qualifying rate. The Office of the ...

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How to get Pre-Approved for a Larger Mortgage

How to get Pre-Approved for a Larger Mortgage

House hunting is a funny thing – you can go in thinking you know exactly what kind of place you want, but then a home unexpectedly blows you out of the water! That’s a wonderful experience, but it can be a challenge to your budget. If ...

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