Mortgage Market Update and News about the Qualifying Stress Test rate increase

Eric Fabien from gives us an update regarding the new stress test for qualifying for a mortgage, as well as giving us the current rates for a variable and fixed rate mortgage.

  • Variable Rate Mortgage Today: 1.35%
  • 5 year Fixed Rate Mortage Today: 1.94%

Time Stamps:

0:00 Intro

0:15 Mortgage Rate Increases for fixed rates, variable still aggressive

0:55 Rumours of the Qualifying rate moving up to 5.25%, from 4.79%

1:24 The impact of the new stress test on a $400,000 mortgage

2:30 Impact on a $500,000 mortgage scenario

2:43 Impact on a $600,000 mortgage scenario 2:55 Summary

Contact Eric Fabien:

613-899-5131  -