Resources
 

Useful information for buyers and sellers





    Calculators
    • Mortgage Calculator "New Canadian Mortgage rules take effect January 1, 2018"

      Home buyers with a down payment of 20% or more will now be subject to stricter qualifying criteria (also known as a "stress test") that would determine whether a homebuyer would be able to afford their principal and interest payments should interest rates increase. This stress test would use either the 5-year benchmark rate published by the Bank of Canada or the customer's mortgage interest rate plus 2%, whichever is the higher.

      New rules don’t apply if you’re renewing your Mortgage: The new rules only apply to new mortgage loan agreements. They do not apply when renewing an existing mortgage loan.