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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