The Mortgage Stress Test in 2026: How It Works and What It Costs Buyers
The median asking price for a condo in Burnaby this morning is $688,929. With the minimum down payment, the mortgage payment at an average insured five-year fixed rate of 4.05% takes about $115,000 a year in household income to carry under the standard 39% limit. The stress test makes you prove you could carry it at 6.05%, and that takes about $140,000. That's the gap: $25,000 of extra income you have to show for a payment you won't actually be making.
The rule hasn't changed in more than five years. What has changed is where rates sit relative to it, and that's why it's worth understanding a week before the Bank of Canada's October 28 decision. Below is how the test works, who it applies to, who gets out of it, and what it does to buying power on real Burnaby, Coquitlam and Surrey listings. These are asking prices of active listings on EstateBlock, not sale prices, and every buyer below is hypothetical.
Source: OSFI, minimum qualifying rate (page updated January 29, 2026); CMHC, Calculating GDS/TDS; Bank of Canada, table A4 (series V122667780 and V122667786, new funds advanced, July 2026, the latest month published).
How the stress test works
The stress test doesn't change your rate or your payment. It changes the rate the lender pretends you're paying when it checks whether you can afford the loan.
For an insured mortgage, or an uninsured one from a lender OSFI supervises (the banks, for example), that qualifying rate is the greater of two numbers: your contract rate plus 2 percentage points, or 5.25%. OSFI, the federal bank regulator, calls the 2 points the buffer and the 5.25% the floor. With average five-year fixed rates around 4% to 4.5%, the buffer is the part that bites. The floor only matters if your contract rate is below 3.25%.
The lender then runs two ratios at that higher rate. CMHC spells them out:
- Gross debt service (GDS): mortgage principal and interest, property tax and heat, plus half of any strata fee, divided by gross household income. CMHC's limit is 39%.
- Total debt service (TDS): the same, plus every other debt payment (car loan, student loan, credit cards, lines of credit). Limit 44%. Unsecured credit cards and lines are counted at no less than 3% of the balance per month, even if you pay them off every month.
If you carry no other debt, GDS is the one that stops you, and the 5-point gap between 39% and 44% is room for other payments. On my Burnaby condo example below, that room is about $584 a month. Past it, TDS takes over, and every extra $100 a month of debt payments adds about $2,700 to the income you need. Say the same buyer has $1,000 a month in car and line-of-credit payments: the income needed goes from $140,000 to $152,000.
The payment math is standard Canadian: monthly payments, with the rate compounded half-yearly, the convention for fixed-rate mortgages (the Interest Act requires the rate to be stated on a yearly or half-yearly basis). If you want to plug in your own numbers, my mortgage affordability calculator does the same thing.
Insured vs uninsured: same test, different rulebook
There are technically two stress tests, and they land on the same formula.
If you put down less than 20%, your mortgage needs default insurance (CMHC or a private insurer), and the qualifying rate is set by the federal Department of Finance. CMHC's rules say GDS and TDS for insured loans are calculated at the greater of the contract rate plus 2% or 5.25%, for fixed, variable and adjustable mortgages and every term length.
If you put down 20% or more, the mortgage is uninsured and OSFI's Guideline B-20 applies. OSFI has used the same contract-plus-2-or-5.25% rule since June 1, 2021, when it replaced the old benchmark-rate test with a fixed floor. One difference: for uninsured loans, the 39/44 debt limits are CMHC's, not OSFI's. Each lender sets its own ratio limits for uninsured mortgages. I use 39/44 for both below so the numbers compare.
The insured side also comes with two rules from December 15, 2024. The insured price cap went from $1 million to $1.5 million, and first-time buyers and buyers of newly built homes can get a 30-year amortization. CMHC's Home Start program now spells out both: price below $1,500,000, a maximum amortization of 30 years, and a first-time buyer or a never-occupied new build. A 30-year amortization lowers the payment the stress test is run on, which is why the first-time buyers in the examples below use it. The cost is a higher insurance premium: 4.20% of the loan at 90.01% to 95% loan-to-value, versus 4.00% on CMHC's standard premium table. My CMHC insurance calculator shows the premium on your price.
Source: CMHC, Calculating GDS/TDS; OSFI, Dec 12, 2023 (Finance sets the insured qualifying rate); OSFI letter, May 20, 2021; Department of Finance, Sept 16, 2024; CMHC Home Start (price below $1,500,000, 30 years, premiums); CMHC premiums.
What the stress test does on real Burnaby, Coquitlam and Surrey listings
Here are six hypothetical buyers, one for each median asking price on EstateBlock this morning. These are asking prices of active listings, not sale prices; a typical sale can land below the ask.
First-time buyers with the minimum down payment. Insured, 30-year amortization, 4.20% CMHC premium added to the loan, contract rate 4.05% (the July average for new insured five-year fixed mortgages), stress-tested at 6.05%. No other debts.
| Home (median ask) | Price | Min. down | Pay at 4.05% | Income at 4.05% | Income at 6.05% |
|---|---|---|---|---|---|
| Burnaby condo | $688,929 | $43,893 | $3,215 | $115,000 | $140,000 |
| Burnaby townhouse | $925,000 | $67,500 | $4,274 | $150,000 | $183,000 |
| Coquitlam condo | $629,975 | $37,998 | $2,951 | $108,000 | $130,000 |
| Coquitlam townhouse | $1,089,900 | $83,990 | $5,014 | $176,000 | $214,000 |
| Surrey condo | $499,000 | $24,950 | $2,363 | $88,000 | $106,000 |
| Surrey townhouse | $788,955 | $53,896 | $3,664 | $130,000 | $159,000 |
Source: EstateBlock.com live listings, snapshot October 21, 2026 (Burnaby, Coquitlam, Surrey); asking prices of active listings, not sale prices; Bank of Canada, table A4 (V122667780, July 2026); CMHC Home Start (premium, 30 years, GDS 39%); CMHC minimum down payment; BC Schedule 702, 2026 tax rates. Incomes calculated. Assumptions: property tax at each city's 2026 residential rate on the asking price, before the home owner grant; heat $100/month condo, $125/month townhouse; strata fee $500/month condo, $450/month townhouse (half counted, per CMHC).
Look at the last two columns. Across these six homes, the stress test adds between $18,000 and $39,000 to the income you need. On the Burnaby condo it's 21% more income than the actual payment would require.
The Surrey condo is the cheapest to qualify for, at about $106,000. Its median ask of $499,000 is just under $500,000, so the minimum down payment is a flat 5% ($24,950). Every other home here needs 10% on the part above $500,000.
Buyers with 20% down. Uninsured, 25-year amortization, contract rate 4.49% (the July average for new uninsured five-year fixed mortgages), stress-tested at 6.49%.
| Home (median ask) | Mortgage | Pay at 4.49% | Pay at 6.49% | Income at 4.49% | Income at 6.49% |
|---|---|---|---|---|---|
| Burnaby condo | $551,143 | $3,047 | $3,688 | $110,000 | $130,000 |
| Burnaby townhouse | $740,000 | $4,092 | $4,952 | $144,000 | $171,000 |
| Coquitlam condo | $503,980 | $2,787 | $3,373 | $103,000 | $121,000 |
| Coquitlam townhouse | $871,920 | $4,821 | $5,835 | $170,000 | $201,000 |
| Surrey condo | $399,200 | $2,207 | $2,672 | $83,000 | $97,000 |
| Surrey townhouse | $631,164 | $3,490 | $4,224 | $125,000 | $148,000 |
Source: EstateBlock.com live listings, snapshot October 21, 2026 (Burnaby, Coquitlam, Surrey); asking prices of active listings, not sale prices; Bank of Canada, table A4 (V122667786, July 2026); OSFI minimum qualifying rate; CMHC GDS/TDS (39% used as a comparison; uninsured limits are set by lenders). Same tax, heat and strata assumptions as above.
Twenty percent down doesn't get you out of the test. It just changes whose rule you're under. The Coquitlam townhouse, at a median ask of $1,089,900, takes about $201,000 with 20% down: about $218,000 down, before closing costs, plus that income. The payment you'd actually make is $4,821; the payment you have to qualify for is $5,835.
Source: EstateBlock.com live listings, snapshot October 21, 2026 (Burnaby, Coquitlam, Surrey); asking prices of active listings, not sale prices; incomes calculated as in the first table
Show the numbers
| Item | Extra income |
|---|---|
| Burnaby condo | $25,000 |
| Burnaby townhouse | $33,000 |
| Coquitlam condo | $23,000 |
| Coquitlam townhouse | $39,000 |
| Surrey condo | $18,000 |
| Surrey townhouse | $28,000 |
How much less you can buy
Flip it around. Say your household earns a set amount, has no other debts and has 20% to put down. Here's the most a lender using these assumptions would approve on a Burnaby condo with a $500 strata fee, at the July average uninsured rate with no stress test, and with it.
- Qualified at 4.49% (no stress test)
- Qualified at 6.49% (stress test)
Source: Calculated; Bank of Canada, table A4 (V122667786, July 2026); OSFI MQR; Schedule 702 (Burnaby 2026 residential rate)
Show the numbers
| Qualified at 4.49% (no stress test) | Qualified at 6.49% (stress test) | |
|---|---|---|
| $100k | $617,000 | $515,000 |
| $150k | $963,000 | $804,000 |
| $200k | $1,309,000 | $1,093,000 |
| $250k | $1,655,000 | $1,382,000 |
At $150,000 of household income, the stress test takes the ceiling from about $963,000 down to about $804,000. That's 17% less house. The cut is roughly the same share at every income, because the test multiplies the payment by about the same factor.
Compare that with the listings. Burnaby's median condo ask is $688,929, and EstateBlock shows 1,102 active condo listings in the city. A $150,000 household with 20% down clears it with room to spare. At $100,000, the stress-tested ceiling of about $515,000 is well short of the Burnaby median, and closer to Surrey's $499,000 median condo ask.
The other cap: loan-to-income. Since late 2024, OSFI has limited how much of each lender's new uninsured lending can go to loans above 4.5 times income. It's a cap on the lender's portfolio, not on your loan, so you won't see it in your approval letter. In all six 20%-down examples above, the stress-tested loan works out to between 4.1 and 4.3 times the qualifying income. So these loans land just under the 4.5x multiple OSFI uses to measure lenders' high-LTI lending. Insured loans are outside the LTI limits altogether.
What a quarter-point move does
Because the test adds 2 points to whatever your contract rate is, every move in your rate moves your qualifying rate one for one, until you hit the 5.25% floor. Here's the Burnaby condo buyer with minimum down at contract rates a quarter point apart. These are hypothetical rates, not a forecast.
| Contract rate | Qualifying rate | Income needed | vs today's average |
|---|---|---|---|
| 3.05% | 5.25% (floor) | $130,000 | −$10,000 |
| 3.30% | 5.30% | $131,000 | −$9,000 |
| 3.55% | 5.55% | $134,000 | −$6,000 |
| 3.80% | 5.80% | $137,000 | −$3,000 |
| 4.05% (Jul avg) | 6.05% | $140,000 | 0 |
| 4.30% | 6.30% | $143,000 | +$3,000 |
| 4.55% | 6.55% | $147,000 | +$7,000 |
Source: calculated; EstateBlock.com live listings, snapshot October 21, 2026 (Burnaby, Coquitlam, Surrey); asking prices of active listings, not sale prices; OSFI and CMHC qualifying rule; Bank of Canada, table A4 (V122667780, July 2026 average 4.05%).
Each quarter point up adds about $3,000 to the income needed for this condo; a quarter point down takes off about $3,000. Below a 3.25% contract rate the floor takes over and cheaper rates stop helping you qualify. The average insured variable rate in July was 3.75%, still above that line.
Now the part people get wrong about October 28. The Bank of Canada sets its policy rate, now 2.25%. Variable mortgage rates move with prime (4.45%), which follows the policy rate. Five-year fixed rates follow the bond market instead. The five-year Government of Canada yield was 3.08% on June 1 and 3.62% on October 20, and the banks' posted five-year rate moved up to 6.19% on October 7 while the policy rate sat still. A hold on October 28 doesn't mean fixed rates hold.
As for what happens on the day: after September's jobs report, TD's Andrew Hencic said "we expect the BoC to remain data-dependent and stay on hold in October," and CIBC's Andrew Grantham said the Bank would "remain patient and keep interest rates on hold for now" (as reported by Canadian Mortgage Professional on October 9). Hencic also said markets were pricing 27% odds of a hike in October at the time. Those are forecasts and market bets, not facts.
- Stress-test rate on the average
- 5-yr posted rate
- Avg new 5-yr+ fixed, uninsured
Source: Bank of Canada, V122667786; V80691335; stress-test line calculated with OSFI's rule (in effect since June 1, 2021)
Show the numbers
| Stress-test rate on the average | 5-yr posted rate | Avg new 5-yr+ fixed, uninsured | |
|---|---|---|---|
| Jun 2021 | 5.25% | 4.79% | 2.14% |
| Jul 2021 | 5.25% | 4.79% | 2.28% |
| Aug 2021 | 5.25% | 4.79% | 2.31% |
| Sep 2021 | 5.25% | 4.79% | 2.33% |
| Oct 2021 | 5.25% | 4.79% | 2.22% |
| Nov 2021 | 5.25% | 4.79% | 2.35% |
| Dec 2021 | 5.25% | 4.79% | 2.51% |
| Jan 2022 | 5.25% | 4.79% | 2.61% |
| Feb 2022 | 5.25% | 4.79% | 2.81% |
| Mar 2022 | 5.25% | 4.79% | 3.02% |
| Apr 2022 | 5.26% | 4.99% | 3.26% |
| May 2022 | 5.41% | 5.39% | 3.41% |
| Jun 2022 | 5.70% | 6.04% | 3.70% |
| Jul 2022 | 6.05% | 6.14% | 4.05% |
| Aug 2022 | 6.44% | 6.14% | 4.44% |
| Sep 2022 | 6.80% | 6.14% | 4.80% |
| Oct 2022 | 7.01% | 6.49% | 5.01% |
| Nov 2022 | 7.17% | 6.49% | 5.17% |
| Dec 2022 | 7.22% | 6.49% | 5.22% |
| Jan 2023 | 7.20% | 6.49% | 5.20% |
| Feb 2023 | 7.09% | 6.49% | 5.09% |
| Mar 2023 | 7.11% | 6.49% | 5.11% |
| Apr 2023 | 7.08% | 6.49% | 5.08% |
| May 2023 | 7.04% | 6.49% | 5.04% |
| Jun 2023 | 7.12% | 6.49% | 5.12% |
| Jul 2023 | 7.31% | 6.49% | 5.31% |
| Aug 2023 | 7.46% | 6.84% | 5.46% |
| Sep 2023 | 7.69% | 6.84% | 5.69% |
| Oct 2023 | 7.79% | 7.04% | 5.79% |
| Nov 2023 | 8.00% | 7.04% | 6.00% |
| Dec 2023 | 7.96% | 7.04% | 5.96% |
| Jan 2024 | 7.67% | 6.89% | 5.67% |
| Feb 2024 | 7.57% | 6.84% | 5.57% |
| Mar 2024 | 7.51% | 6.84% | 5.51% |
| Apr 2024 | 7.30% | 6.84% | 5.30% |
| May 2024 | 7.34% | 6.84% | 5.34% |
| Jun 2024 | 7.21% | 6.84% | 5.21% |
| Jul 2024 | 7.15% | 6.79% | 5.15% |
| Aug 2024 | 7.11% | 6.59% | 5.11% |
| Sep 2024 | 6.93% | 6.49% | 4.93% |
| Oct 2024 | 6.82% | 6.49% | 4.82% |
| Nov 2024 | 6.68% | 6.49% | 4.68% |
| Dec 2024 | 6.61% | 6.49% | 4.61% |
| Jan 2025 | 6.59% | 6.49% | 4.59% |
| Feb 2025 | 6.61% | 6.49% | 4.61% |
| Mar 2025 | 6.52% | 6.49% | 4.52% |
| Apr 2025 | 6.30% | 6.49% | 4.30% |
| May 2025 | 6.24% | 6.09% | 4.24% |
| Jun 2025 | 6.25% | 6.09% | 4.25% |
| Jul 2025 | 6.27% | 6.09% | 4.27% |
| Aug 2025 | 6.31% | 6.09% | 4.31% |
| Sep 2025 | 6.37% | 6.09% | 4.37% |
| Oct 2025 | 6.40% | 6.09% | 4.40% |
| Nov 2025 | 6.26% | 6.09% | 4.26% |
| Dec 2025 | 6.31% | 6.09% | 4.31% |
| Jan 2026 | 6.33% | 6.09% | 4.33% |
| Feb 2026 | 6.31% | 6.09% | 4.31% |
| Mar 2026 | 6.22% | 6.09% | 4.22% |
| Apr 2026 | 6.17% | 6.09% | 4.17% |
| May 2026 | 6.30% | 6.09% | 4.30% |
| Jun 2026 | 6.35% | 6.09% | 4.35% |
| Jul 2026 | 6.49% | 6.09% | 4.49% |
From June 2021 to March 2022 the average new uninsured five-year fixed rate was below 3.25%, so the floor did the work and buyers qualified at 5.25%. Since then the buffer has done the work. In July the three lines stood at 6.49% (stress-test rate), 6.09% (posted) and 4.49% (average paid). In all but 3 of the 52 months since, the stress-test rate on the average mortgage has been above even the banks' posted five-year rate, which most borrowers never pay. That cushion is why the Bank of Canada's 2026 Financial Stability Report could say more than 90% of borrowers who renewed in the previous 12 months did so at rates below the rate they'd qualified at.
Who doesn't get stress-tested
| Situation | Stress test? | Rule |
|---|---|---|
| New purchase, insured (under 20% down) | Yes | Contract + 2% or 5.25% (CMHC / Finance) |
| New purchase, uninsured (20%+ down), federal lender | Yes | Contract + 2% or 5.25% (OSFI B-20) |
| Refinance or adding money to the mortgage | Yes | New underwriting: OSFI expects the MQR on most newly underwritten mortgages |
| Uninsured straight switch at renewal | No set rate | Since Nov 21, 2024 (OSFI) |
| Insured switch at renewal | No | Canadian Mortgage Charter |
| Switch that adds money or extends amortization | Yes | No longer a straight switch |
Source: OSFI backgrounder, Nov 21, 2024; OSFI letter on straight switches; OSFI MQR page; Department of Finance, Sept 16, 2024; CMHC.
The straight-switch exemption is narrow. It covers a stand-alone uninsured mortgage moving from one federally regulated lender to another with no increase to the amortization or the loan amount. OSFI allows the balance to go up by $3,000 to cover costs such as penalties or fees, but no equity take-out. The new lender still underwrites you and OSFI expects it to use judgment on the qualifying rate, so "no set stress test" isn't the same as "automatic approval". Insured mortgage holders can switch at renewal without another stress test under the federal Canadian Mortgage Charter.
I covered the renewal side, including what a 2021 five-year fixed looks like at today's rates, in mortgage renewal 2026.
Has the stress test changed in 2026?
No. OSFI's page, last updated January 29, 2026, still lists the qualifying rate as the greater of the contract rate plus 2% or 5.25%, and says OSFI reviews both the floor and the buffer at least once a year. Canadian Mortgage Professional reported the same day that OSFI had left it unchanged.
What did change is the backdrop. In November 2024, when OSFI dropped the stress test for uninsured straight switches, it said it would consider whether it still needs a prescribed qualifying rate for new uninsured mortgages once its new loan-to-income limits were fully in place. On January 29, 2026, OSFI said its pilot showed the loan-to-income limits lessen the build-up of highly leveraged borrowers, that those limits will stay, and that "at this time, existing debt service expectations in Guideline B-20 will continue to complement LTI limits." My read: that keeps the door open to a looser qualifying rate later, but OSFI hasn't announced one, and I wouldn't plan a purchase around it.
| Date | What happened |
|---|---|
| June 1, 2021 | OSFI's rule becomes contract + 2% or 5.25%, replacing the benchmark rate |
| Dec 2021, Dec 2022, Dec 2023 | OSFI confirms the rule unchanged at each annual review |
| Nov 1, 2024 to Jan 2025 | Loan-to-income limits start at each lender's fiscal 2025 |
| Nov 21, 2024 | Uninsured straight switches no longer need the set qualifying rate |
| Dec 15, 2024 | Insured cap to $1.5M; 30 years for first-time buyers and new builds |
| Jan 29, 2026 | OSFI keeps LTI limits; MQR page still shows +2% or 5.25% |
Source: OSFI letter, May 20, 2021; OSFI, Dec 17, 2021; Dec 15, 2022; Dec 12, 2023; OSFI backgrounder, Nov 21, 2024; Department of Finance, Sept 16, 2024; CMHC Home Start; OSFI Quarterly Release, Jan 29, 2026; OSFI MQR page.
What I'd do with this
Get pre-approved at a real rate, then subtract. A pre-approval tells you the stress-tested ceiling. I'd shop a few hundred dollars a month below it, because the ceiling assumes you're comfortable at 39% of gross income going to housing, and the CMHC formula doesn't count things like childcare or condo special levies.
Pay down other debts before you apply. Once you're past the room between 39% and 44%, each $100 a month of debt payments costs about $2,700 of qualifying income. That $1,000 a month in my Burnaby condo example pushes the income needed up by about $12,000. A credit card balance counts at no less than 3% of the balance every month, even if you clear it.
If you're a first-time buyer, run 25 and 30 years side by side. The 30-year option qualifies you for more, and costs more in insurance and interest. Whether that trade is worth it depends on the home and how long you'll keep it.
Don't wait for October 28 to tell you what fixed rates will do. A rate hold is useful in writing: get one, and if rates drop before you close, ask the lender to reprice. Compare offers on my mortgage rates page, and budget for the cash on top of the down payment with closing costs in BC. If you're still choosing where to look, my best neighbourhoods in Vancouver post breaks the city down by property type and buyer. For the bigger picture of what different budgets buy across the region, see the income needed to buy a house in Vancouver, and the step-by-step for first purchases is in my first-time home buyer guide.
If you're browsing, the live inventory behind these numbers is on EstateBlock: Burnaby condos, Coquitlam condos and Surrey townhouses.
This post is general information, not mortgage or legal advice. Lenders apply their own policies on top of these rules, so confirm your numbers with your lender or a licensed mortgage professional, and talk to a lawyer about anything in your contract.
FAQ
What is the mortgage stress test rate in Canada right now?
The qualifying rate is the greater of your contract rate plus 2 percentage points or 5.25%. With a 4.49% contract rate (the July 2026 average for new uninsured five-year fixed mortgages), you qualify at 6.49%. The same formula applies to insured mortgages under CMHC's rules.
Does the stress test apply if I put 20% down?
Yes. With 20% or more down, a federally regulated lender applies OSFI's minimum qualifying rate under Guideline B-20, which uses the same contract-plus-2-or-5.25% formula. The debt ratio limits for uninsured loans are set by each lender.
Do I have to pass the stress test when I renew?
Not for a straight switch. Since November 21, 2024, OSFI doesn't require the set qualifying rate when an uninsured mortgage moves to another federally regulated lender with no increase in loan amount or amortization, and insured mortgage holders can switch at renewal without another stress test under the Canadian Mortgage Charter. Adding money or extending the amortization means you requalify.
How much does a 0.25% rate change affect what I qualify for?
In my hypothetical Burnaby condo example ($688,929 median asking price, minimum down, 30 years), each quarter point up in the contract rate adds about $3,000 to the household income needed, because the qualifying rate moves one for one until it reaches the 5.25% floor.
Has the mortgage stress test been eliminated in 2026?
No. OSFI's minimum qualifying rate page, updated January 29, 2026, still sets it at the greater of the contract rate plus 2% or 5.25%. In November 2024 OSFI said it would consider whether a prescribed rate is still needed following the full and successful implementation of its loan-to-income limit framework. On January 29, 2026 it kept the LTI limits and said the debt service expectations in Guideline B-20 continue to complement them. It hasn't announced a change to the qualifying rate.
Sources
- OSFI: Minimum qualifying rate for uninsured mortgages (updated January 29, 2026)
- OSFI: Amendments to the minimum qualifying rate, letter (May 20, 2021)
- OSFI: Minimum Qualifying Rate letter (December 17, 2021)
- OSFI: OSFI confirms Minimum Qualifying Rate (December 15, 2022)
- OSFI: OSFI maintains Minimum Qualifying Rate (December 12, 2023)
- OSFI: Backgrounder, Minimum Qualifying Rate (November 21, 2024)
- OSFI: Straight switches exempt from prescribed MQR; portfolio LTI limits (letter, November 21, 2024)
- OSFI: Loan-to-income limits for uninsured mortgage portfolios
- OSFI: Quarterly Release, January 29, 2026
- Canadian Mortgage Professional: OSFI reveals latest decision on mortgage stress test (January 29, 2026)
- CMHC: Calculating GDS / TDS
- CMHC: Home Start (30-year amortization, premiums, eligibility)
- CMHC: Mortgage loan insurance premiums
- CMHC: What is mortgage loan insurance (minimum down payment)
- Department of Finance Canada: mortgage reforms and Canadian Mortgage Charter (September 16, 2024)
- Bank of Canada: interest rates on new mortgages, table A4 (Valet API)
- Bank of Canada: 5-year conventional mortgage posted rate, V80691335
- Bank of Canada: target for the overnight rate, V39079
- Bank of Canada: 5-year Government of Canada benchmark bond yield
- Bank of Canada: policy interest rate and 2026 schedule
- Bank of Canada: Financial Stability Report 2026, Households
- Canadian Mortgage Professional: economists on September's jobs report (October 9, 2026)
- Province of BC: Schedule 702, 2026 tax rates
- Interest Act, s. 6
- EstateBlock.com: Burnaby, Coquitlam and Surrey condo and townhouse listings (snapshot October 21, 2026; asking prices)
Dan Marusin PREC, REALTOR® · Renanza Realty Inc., 777 Hornby St, Suite 600, Vancouver, BC. This article is general information, not legal, tax or financial advice.