Canada’s mortgage stress test applies to anyone applying for or renewing a home loan through a federally regulated lender. 

And apparently nearly half of Canadians (according to a poll conducted by TD Bank) don’t understand what the test is—or who it affects. Here’s your primer on the mortgage stress test!  

Original Article Source Credits:  Canadian Mortgage Trends, https://www.canadianmortgagetrends.com

Article Written By:  Steve Huebl

Original Article Posted on:  July 20, 2021

Link to Original Article:  https://www.canadianmortgagetrends.com/2021/07/majority-of-canadian-buyers-borrowing-their-maximum-approved-mortgage/

How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. Maybe you know that tens of thousands of Canadians are using a reverse mortgage as part of their financial plan. But did you know that there are 7 common misconceptions when it comes to understanding reverse mortgages in Canada. Common Misconceptions About Reverse Mortgages 1. If you have a reverse mortgage, you no longer own your home Nothing could be further from the truth. You always maintain title, ownership and control of your home – the lender simply…

Original Article Source Credits:   Money Sense , https://www.moneysense.ca/

Article Written By:   TAMAR SATOV 

Original Article Posted on:  FEBRUARY 1, 2021

Link to Original Article:  https://www.moneysense.ca/spend/real-estate/downsizing-vs-reverse-mortgage-which-option-is-right-for-you/

Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Shelly Hagan

Original Article Posted on:  Nov 02, 2020

Link to Original Article:  https://financialpost.com/news/economy/the-only-thing-canadians-are-optimistic-about-right-now-is-the-housing-market

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