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Income needed to pass the stress test

Income needed to pass the stress test

Numbers Assume a 2.99% 5-Year Fixed Mortgage Rate Wth a 25-Year Amortization. The average price of a home in Canada is $491,000 according to the Canadian Real Estate Association (CREA). And if you take out Toronto and Vancouver, the national average is slipped to 2%...
How To Stress Test Your Mortgage

How To Stress Test Your Mortgage

What are the things do I need to consider before engaging to real estate or mortgage? I was thinking to buy a house, and I have so much thinking and planning to consider. I need to assess myself if I could afford it and layout all the possible worst-case scenario in...