Monthly Archives: October 2017

//October

New Mortgage Rules Take Into Effect Jan 2018

Before only those with less than 20% downpayment had to undergo a mortgage “stress test”.  New rules will be implemented Jan 2018 for all borrowers for those with 20% downpayment or more. The “Stress Test” means that you need to qualify for either the five-year average posted rate (currently at [...]

2018-04-06T09:30:07+00:00 October 24th, 2017|Burnaby-Vancouver Real Estate News|