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Updated over 5 years ago,

User Stats

28
Posts
3
Votes
Khurram Mirza
  • Investor
  • Ottawa Ontario, Canada
3
Votes |
28
Posts

Ontario Canada Stress Test and borrowing strength

Khurram Mirza
  • Investor
  • Ottawa Ontario, Canada
Posted

Hi guys, it seems like since the "Stress Test" was implemented checking for "borrowing strength" by mortgage advisers depends solely on income/salary regardless of cash in hand.  Seeing this I do notice young people in Ontario with multiple rentals. Are there any creative ways to be able to get mortgage approval for additional property over time ?

Thanks,

Khurram