Navigate the Canadian Mortgage Stress Test

The mortgage stress test assesses whether borrowers can afford mortgage payments at a higher interest rate than their actual contracted rate or the Bank of Canada’s conventional five-year fixed rate, whichever is higher.

Steps to navigate mortgage stress test:

  1. Choose an alternative option to mortgage stress test

  2. Shorten your mortgage term

  3. Improve your credit score

  4. Increase the length of your amortization period

  5. Find a co-borrower or guarantor with a strong financial profile

For more information, read the blog:

We can help you get quick approval on all our flexible mortgage options. To get more details on Canadian Mortgage Stress Test, go to:

Mortgage agents Mississauga


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