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Mortgage 'stress test' brings winter real-estate spike

Even in December, home sales in Ottawa have been brisk, as consumers try to buy homes before the new mortgage stress test kicks in Jan. 1, 2018. Instead of a winter slowdown, many Ottawa real-estate agents experienced a sales spike over the past two months as homebuyers rushed to seal deals ahead of new mortgage rules that kick in Jan. 1. The new rule puts a mortgage "stress test" on uninsured homebuyers putting more than a 20 per cent down payment on their next home.


Mortgage 'stress test' brings winter real-estate spike curated from Real Estate News

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