How Car Loans, Student Debt, and Credit Card Balances Impact Mortgage Affordability

How Car Loans, Student Debt, and Credit Card Balances Impact Mortgage Affordability

By: Zoocasa Extremely few Canadians pay for their house in cash — almost all of us will be forced to borrow in order to buy a property. In 2016, mortgages accounted for 80.7% of the total debt carried by Canadian families, up from 77.4% in 1999, according… Read More


The Canadian Mortgage Stress Test in 2019

The Canadian Mortgage Stress Test in 2019

Meeting the requirements for a mortgage and getting approved are already challenging enough, but securing a mortgage in 2019 is even more of a feat thanks to the recently introduced mortgage stress test. Want to know the minimum credit score required for a mortgage in 2019? Find out here. Read More


How the New Canadian Mortgage Stress Test Will Affect Your Refinancing Plans

How the New Canadian Mortgage Stress Test Will Affect Your Refinancing Plans

As if getting approved for a mortgage wasn’t challenging enough, the new rules of the mortgage stress test could make it even harder. As of January 1st, 2018, all Canadian buyers who are obtaining a mortgage from a federally-regulated lender, including borrowers who put at least 20% as… Read More


How to Stress Test Your Mortgage 2018

How to Stress Test Your Mortgage 2018

Are you ready to become a homeowner? Then again, maybe you’re already a homeowner, but your mortgage is up for renewal, or you’re looking to upgrade to something more higher end than your current dwelling. Not so fast, because there’s one thing that might get in your way,… Read More


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