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Stories Tagged - Stress Test

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June 22, 2021 | Mario Toneguzzi

Latest stress test changes reduce buying power, impact first-time and move-up home purchasers in Calgary

Recent changes to the mortgage stress test designed to cool down hot housing markets across the country may make it more difficult for some Albertans to purchase a home.

Courtesy Bank of Canada
News

March 20, 2020 | Tyler Difley

Bank of Canada makes emergency rate cut amid COVID-19 pandemic

In an unscheduled move, the Bank of Canada (BoC) recently announced it was cutting its overnight lending rate to 0.75 per cent, effective March 16. The move was made to counter the negative economic repercussions of the COVID-19 pandemic and plummeting oil prices.

Courtesy Gord Ross
News

Aug. 21, 2019 | Mario Toneguzzi

Q&A: Gord Ross, Alberta Mortgage Brokers Association president

Gord Ross, president of the Alberta Mortgage Brokers Association (AMBA), breaks down the Alberta mortgage market, industry trends and the ongoing impacts of the stress test.

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June 26, 2019 | Mario Toneguzzi

Federal government shares new details about First-Time Buyer Incentive

The federal government is hailing its First-Time Buyer Incentive program as a golden opportunity for thousands of potential homebuyers across the country who are hoping to purchase their first property.

Cody Stuart / CREB®Now
News

Feb. 13, 2019 | Mario Toneguzzi

Alberta politicians take aim at mortgage stress test

Alberta politicians at both the provincial and municipal level have recently spoken out against Canada's mortgage stress test.

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Jan. 23, 2019 | Gerald Vander Pyl

Can I afford to buy a home in Calgary? Experts weigh in

Given the current economic situation across the province, the big question on many Calgarians' minds these days is, "can I afford to buy a home?"


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