New Mortgage Rules in Canada

Don’t let the idea of a test stress you out. The stress test is actually a set of rules to help home buyers be confident that they’re buying the house they can afford now and in the future. Watch the video to learn more about stress test, and how it differs based on the amount of your down payment, and the type of mortgage you’re looking for.

Making sure you can afford your mortgage over the longer term is very important, as is knowing how much home you can afford to still maintain your lifestyle. Watch the video to understand how you can navigate the new mortgage rules, and how working with a TD Mortgage Specialist can help you understand what type of mortgage best fits your needs.

If you already have your mortgage pre-approval and purchase your home before your pre-approval expires, you won’t be affected by the new rules, regardless of when your home closes. Watch the video to find out how a TD Mobile Mortgage Specialist can help guide you through the process and how you may be affected.

If you’re renewing your mortgage, you won’t be subjected to the stress test if you choose to stay with your existing bank. Watch the video to learn more about how the new mortgage rules can impact you if you’re planning to change mortgage lenders.

Buying a home can be stressful and emotional. But it's important to be realistic about what you can afford today. Watch the video to get a better understanding of how a TD Mobile Mortgage Specialist can help you stay informed about what you can afford under the new mortgage rules, and how you can make the best decisions for your needs in the future.