Month: April 2018

How Do Canadian Borrowers Feel About B-20?

By: Penelope Graham, Zoocasa The Canadian housing market has now had a full quarter to absorb the impact from Guideline B-20. The new stress test, put in place by the national lending regulator, requires all low-ratio borrowers of new mortgages to qualify at either the Bank of Canada’s benchmark rate (currently 5.14%) or their contract… Read more »