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The best American Express credit cards in Canada for 2024 May 11th
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The best American Express credit cards in Canada for 2024
Which card is right for you? Here, we break down the top American Express credit cards by category to help you decide.
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The best rewards debit cards in Canada for 2024 Mar 5th
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The best rewards debit cards in Canada for 2024
These are the debit cards that can earn you rewards like cash back, PC Optimum points, Scene+ points and Air Miles.
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Debt collection in Canada: What collectors can and can’t do Dec 15th
When bills go unpaid, that’s when the calls from creditors can start. At home, at work, by phone or mail—they’ll reach out in every way they can to get you to pay.
Debt collectors are obligated to follow specific rules about how they make contact and what information they can request; h.... More »
The best GIC rates in Canada for 2026 Apr 8th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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The best high-interest savings accounts in Canada for 2024 Jun 7th
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The best high-interest savings accounts in Canada for 2024
Here are the accounts offering the highest interest rates and lowest fees.
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Watch: What is the mortgage stress test?
– moneysense.ca
If you’ve purchased a home in the last several years, or plan to buy one soon, there’s a good chance you’ve heard about the mortgage stress test. Since 2018, the stress test has served as a set of rules banks and lenders use to determine if you qualify for the mortgage you want. It’s possible to have passed the stress test without even knowing it, so it’s good to review how it works.
This video outlines what the mortgage stress test is, why it was created, and how it applies to all Canadian home buyers, whether you are applying for your first mortgage or renewing or refinancing an existing one.
Watch: MoneySense – What is the mortgage stress test?
More on mortgages:
MoneySense Toolkit: The mortgage affordability calculator
How much mortgage can I afford?
A guide to five-year fixed mortgage rates
A guide to five-year variable mortgage rates
The post Watch: What is the mortgage stress test? appeared first on MoneySense.
