If they are stress testing at these higher interest rates, there's a good chance that rates are going Up!

Here is a great article on what is around the corner for new lending criteria in the New year...

https://www.msn.com/en-ca/money/topstories/mortgage-brokers-home-buyers-concerned-about-new-stress-test-rules/ar-AAudfa4

The Mortgage "Strees Test" will soon apply to both Insured and Uninsured Mortgages.  Now is a great time to Buy or Sell with Century 21.

Dave Strle

Dave Strle

Associate Broker
CENTURY 21 Executives Realty Ltd.
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