Will changes to the stress test make it harder or easier to buy a home in Ontario?
Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Steve HamoenJanine Veenendaal

Will changes to the stress test make it harder or easier to buy a home in Ontario?

E275 • Apr 6, 2025 • 4 mins

In this episode, we begin with a welcome and introduction, followed by a sponsor message from Real Approved Inc. We delve into the recent changes to the mortgage stress test in Ontario, examining its impacts on the market. The discussion then shifts to Canadian mortgage default rates and proposed regulatory changes aimed at addressing them. We explore the challenges faced by those trying to enter the housing market and discuss the qualifications needed for new homes. The episode concludes with closing remarks and a reminder of our sponsor, Real Approved Inc.

Key Points

  • Recent changes to the mortgage stress test in Ontario have made it increasingly difficult for families to afford homes, especially with rising interest rates.
  • Proposed adjustments to the stress test aim to shift some responsibility from borrowers to lenders, potentially affecting mortgage approval criteria.
  • Despite the intent to protect against defaults, stringent stress test measures have significantly hindered many young buyers from achieving homeownership.
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