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Khurram Mirza
  • Investor
  • Ottawa Ontario, Canada
3
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27
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Ontario Canada Stress Test and borrowing strength

Khurram Mirza
  • Investor
  • Ottawa Ontario, Canada
Posted Apr 22 2019, 10:02

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