10/16/2026
The mortgage stress test is an important part of qualifying for a mortgage in Canada, but how does it actually affect your borrowing power?
Lenders use a qualifying interest rate that’s higher than your actual mortgage rate to assess whether you could manage your payments if rates were to increase.
This can influence how much you qualify to borrow, even if the interest rate you’re offered is lower.
Have questions about how the stress test could affect your home buying plans? Message me - I’m here to help you understand the requirements and prepare for your next move.