{"id":2633,"date":"2021-05-27T20:24:21","date_gmt":"2021-05-27T20:24:21","guid":{"rendered":"http:\/\/www.chrisbrownrealestate.ca\/blog\/?p=2633"},"modified":"2021-05-27T20:24:21","modified_gmt":"2021-05-27T20:24:21","slug":"new-mortgage-stress-test-in-effect-june-1","status":"publish","type":"post","link":"https:\/\/www.chrisbrownrealestate.ca\/blog\/new-mortgage-stress-test-in-effect-june-1\/","title":{"rendered":"NEW MORTGAGE STRESS TEST IN EFFECT JUNE 1"},"content":{"rendered":"

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The new federal mortgage stress test comes into effect on June 1st. The stress test requires all home buyers to qualify at a five-year mortgage rate of 5.25%, up from the current stress test level of 4.79%. This stress test will reduce borrowing power by approximately 4% to 4.5%.<\/p>\n

If you’re thinking about buying a home this year you will want to chat with a Mortgage Broker to confirm how this will affect your ability to borrow and your affordability. For some Buyers this could mean little and others could be impacted more significantly.<\/p>\n

For more information please click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new federal mortgage stress test comes into effect on June 1st. If you’re thinking about buying a home this year you will want to chat with a Mortgage Broker to confirm how this will affect your ability to borrow and your affordability.<\/p>\n","protected":false},"author":2,"featured_media":2634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[614],"tags":[437],"class_list":["post-2633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vancouver-real-estate","tag-new-mortgage-regulations"],"_links":{"self":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/2633"}],"collection":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/comments?post=2633"}],"version-history":[{"count":6,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/2633\/revisions"}],"predecessor-version":[{"id":2640,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/2633\/revisions\/2640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/2634"}],"wp:attachment":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=2633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=2633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=2633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}