Tag: stress test

Stress test yourself!

November 13, 2017 | By | Add a Comment

Do your own personal stress test There’s been a lot of freaking out about the latest rendition of the mortgage stress test (even from me, I admit it!). These days, there’s no purchasing power boost if you put more than 20% toward your home purchase rather than 5%. That’s because everyone putting more than 20% down […]

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Mortgage qualifying rate [Canadian mortgage glossary]

September 23, 2013 | By | 1 Comment

What is the “Mortgage Qualifying Rate”? If you’re considering a variable rate mortgage, or a mortgage with a term shorter than 5 years, chances are you’ve come across the term “mortgage qualifying rate“, or “MQR“.  Here’s an explanation of what it is, and what it means to you. The backstory In 2010, the Canadian Department […]

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