Should you stress about the stress test?

Newsletter provided by Hein Moes, Mortgage Consultant,  Invis                                                                                                   Reprinted with permission

What you should know about new mortgage rules.

On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent “stress testing” for borrowers. The new rules are designed to lower debt levels, enforce some belt-tightening, and protect the housing market over the long term. Here’s how these new rules will affect Canadians.

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