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Canadian mortgage payment and stress test
See your monthly payment the way Canadian lenders work it out, and the higher rate you must be able to afford.
Estimate. Fixed rates use semi-annual compounding as Canadian law requires. Stress test rule from OSFI.
Common questions
What is the mortgage stress test?
You must show you could pay at the greater of your rate plus 2 points or 5.25%.
Why do Canadian fixed mortgages differ?
They compound twice a year, which gives a slightly lower payment.