What You Need to Know: Changes to Canada's Mortgage Stress Test

Effective 6 April 2020, the federal government is changing the stress test for insured mortgages. The new minimum qualifying rate will be the weekly median five-year fixed contract mortgage rate plus 200 basis points, increasing buying power by 2.7% for impacted borrowers. 

Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

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Sales activity in the Vancouver Region continued to slow for the fourth-consecutive month in July, while inventory declined for the first time in 6 months. This series of events has created balanced conditions in the overall market, and conditions favouring buyers’ in the region’s detached home mar…

Jake Kim
RENNIE ADVISOR
intelligence

Benchmark Price Infographics for detached, townhomes, and condos in the areas of Vancouver region covered in the monthly rennie review.

Jake Kim
RENNIE ADVISOR
intelligence

Changing household compositions, such as the increase in one-person and roommate households, and the rise in older adult children living with their parents, will have implications for our housing stock.

Jake Kim
RENNIE ADVISOR