Blog tagged as Affordability

Self‑employed borrowers face unique income challenges. Learn how lenders assess BFS income, required documents, down payment rules, and the programs available to help you qualify.

Learn how variable and adjustable rate mortgages differ in payment behaviour, risk, and cash‑flow impact so you can choose the option that fits your financial comfort.

GDS and TDS ratios determine whether you can afford a mortgage. Learn how they’re calculated, the stress test rules, and the max limits lenders use.

Canada’s mortgage stress test ensures borrowers can afford payments if rates rise. Learn qualifying rules, benchmark rates, insured vs. uninsured requirements, and why it protects buyers.