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Updated over 5 years ago,
Ontario Canada Stress Test and borrowing strength
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