Canada’s Mortgage Stress Test: What Does It Mean?

September 3rd, 2021

For many Canadians, buying a home is a significant financial goal. When you purchase a home, this usually involves huge financial commitments, and thus, you need to be capable of bearing all the associated costs that come with a mortgage. For this reason, the Canadian government has taken steps to ensure that homebuyers can afford current and future mortgage payments by introducing the mortgage stress test.