Trish Bongard Godfrey

Market Watch - Toronto Region - October 2016 Infographic

31 October 2016
Trish Bongard Godfrey

Toronto Market Report October 2016 - Infographic


Toronto Real Estate Market Report - October 2016

31 October 2016
Trish Bongard Godfrey

In October the Federal Finance Minister implemented new “stress testing” for buyers looking for high ratio loans. A buyer seeking a high ratio loan normally has less than 20 percent of the purchase of the property. The new “stress testing” rules require borrowers to be qualified at banks’ posted rates, and not the discounted rates, the rate of interest they will actually be paying.