October 2017

Is the Stress Test necessary?

Posted on Oct 21, 2017

The stress test was introduced last fall to all applicants of insured mortgages (those with less than 20% down), but has now been extended to all mortgage applicants including uninsured borrowers, as that group comprises a larger segment of the mortgage market. The test requires an applicant’s income to qualify them for mortgage repayments at the B...

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10 Reasons Why

Posted on Oct 07, 2017 in About Bowen Island

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