10月17号已过， 我来证明一下关于mortgage压力测试我是对的

[臭农民]

他住了两年， 亏五万， 你再住两年， 能挣十万回来么？

住5-8年，白住是没问题的

 

[DWorld Blade]

住5-8年，白住是没问题的

不是白住 condo fee property tax都扔了

 

[臭农民]

不是白住 condo fee property tax都扔了

我说的是我，这个我早就计算过了
你其实出的是地板价，sorry to say

 

[DWorld Blade]

我说的是我，这个我早就计算过了
你其实出的是地板价，sorry to say

没事 吃一堑长一智

 

[美酒咖啡]

新政利多中低价位纯出租物业。30-40万的single or town 是最大受益者。
明年房租暴涨。

真的？哪里有新的townhouse 可以买？

 

[mimi_ge]

真的？哪里有新的townhouse 可以买？

mattamy kanata，minto stittsville，都在西边。
东边不太熟，不敢说。

 

[臭农民]

mattamy kanata，minto stittsville，都在西边。
东边不太熟，不敢说。

租金哪里会暴涨，优质租客会租更多年而已

 

[mimi_ge]

租金哪里会暴涨，优质租客会租更多年而已

重新nego吧。新政一定会推高租金的。100percent sure

 

[臭农民]

重新nego吧。新政一定会推高租金的。100percent sure

我去年看出市场回暖苗头，建议亲朋好友进货，大家现在都挺爽的

 

[mimi_ge]

我去年看出市场回暖苗头，建议亲朋好友进货，大家现在都挺爽的

嗯，ottawa今年行情好于去年，至少很多房子的上市时间比以前少很多了。5年不涨的行情应该走到终点了。今年本来刚需进场的很多，无奈新政出来，连带一起受罪。现在需要租房的first time buyer很多。

 

[美酒咖啡]

mattamy kanata，minto stittsville，都在西边。
东边不太熟，不敢说。

谢谢mimi_ge. Minto 的房建好要二年以后了，能躲开压力政策吗？

 

[mimi_ge]

谢谢mimi_ge. Minto 的房建好要二年以后了，能躲开压力政策吗？

2年后的事情说不准。
我的意思，因为租金上涨几乎是肯定的。所以想买投资房的要抓紧了。新政11月底施行，现在付2成的都不用test。可以问问builder有没有啥quick closing的。

 

[美酒咖啡]

2年后的事情说不准。
我的意思，因为租金上涨几乎是肯定的。所以想买投资房的要抓紧了。新政11月底施行，现在付2成的都不用test。可以问问builder有没有啥quick closing的。

明白了，谢谢！

 

[DWorld Blade]

全部要做test的不是10月17，是11月底，无论是2成还是5percent，是全部全部全部。
10月17号以后是所有低于2成首付的做测试。然后年底就是全部的新增贷款做测试。全部全部全部。
got it？
CMHC正在巨变，自己看今天新闻吧。

虽然听说你finance不错，好像cfc很多人也尊重你的建议，但请你不要信口雌黄，如果你要下一个论断麻烦拿出出处来。而且一个got it？好像显得你就是权威别人都是错的似的。以下英文节选自政府网站https://www.fin.gc.ca/n16/data/16-117_2-eng.asp

第一段Applying a Mortgage Rate Stress Test to All Insured Mortgages，处处在强调一个insured mortgages. OK就算我不全懂，不知道是不是实质上所有的mortgage，不管high-ratio还是low-ratio，都是insured mortgage. 那么你告诉我是，行。

如果你真的告诉我所有mortgage都是insured，我暂时不打断你，那么看第二段Changes to Low-Ratio Mortgage Insurance Eligibility Requirements*。 人家明确写了要想一个low-ratio mortgage被insure, 必须满足地产的价格小于100万。呵呵这你不是自己打自己的脸么。照这样多伦多温哥华不用卖房了。
所以这第二段从侧面证明了：不是所有mortgage都是需要被insure的！从而，不是所有mortgage都会被压力测试的！

Applying a Mortgage Rate Stress Test to All Insured Mortgages*
* Revised October 14, 2016

Today, the Government announced a change to the eligibility rules for new government-backed insured mortgages. Effective October 17, 2016, all high-ratio insured homebuyers must qualify for mortgage insurance at an interest rate the greater of their contract mortgage rate or the Bank of Canada's conventional five-year fixed posted rate. This requirement will also be extended to low-ratio insured mortgages effective November 30, 2016 (see below). This requirement is already in place for high-ratio insured mortgages with variable interest rates or fixed interest rates with terms less than five years.

The Bank of Canada’s conventional five-year fixed posted mortgage rate is the mode (i.e., the most common occurring number) of the conventional five-year fixed mortgage rates advertised by Canada’s six largest banks. The rate is updated weekly and is available on the Bank of Canada’s website(CANSIM table 176-0043). The Bank of Canada’s posted rate is typically higher than the contract mortgage rate most buyers actually pay. As of September 28, 2016, the Bank of Canada posted rate was 4.64 per cent.

For borrowers to qualify for mortgage insurance, their debt-servicing ratios must be no higher than the maximum allowable levels when calculated using the greater of the contract rate and the Bank of Canada posted rate. Lenders and mortgage insurers assess two key debt-servicing ratios to determine if a homebuyer qualifies for an insured mortgage:

• Gross Debt Service (GDS) ratio—the carrying costs of the home, including the mortgage payment and taxes and heating costs, relative to the homebuyer’s income;
• Total Debt Service (TDS) ratio—the carrying costs of the home and all other debt payments relative to the homebuyer’s income.

To qualify for mortgage insurance, a homebuyer must have a GDS ratio no greater than 39 per cent and a TDS ratio no greater than 44 per cent. Qualifying for a mortgage by applying the typically higher Bank of Canada posted rate when calculating a borrower’s GDS and TDS ratios serves as a “stress test” for homebuyers, providing new homebuyers a buffer to be able to continue servicing their debts even in a higher interest rate environment, or if faced with a reduction in household income.

The announced measure will apply to new high-ratio mortgage insurance applications received on October 17, 2016 or later. This measure will not apply to high-ratio mortgage loans where, before October 17, 2016: a mortgage insurance application was received; or, the lender made a legally binding commitment to make the loan; or, the borrower entered into a legally binding agreement of purchase and sale for the property against which the loan is secured.

Homeowners with an existing high-ratio insured mortgage, including those renewing or transferring an existing high-ratio insured mortgage to another lender, are not affected by this change as high-ratio mortgage insurance spans the life of the mortgage.

Changes to Low-Ratio Mortgage Insurance Eligibility Requirements*
*Revised October 14, 2016

The Government also announced today changes to the eligibility rules for newly insured low-ratio government-backed insured mortgages. These new eligibility criteria will help target the funding support provided by government-backed low-ratio mortgage insurance towards safer forms of lending.

Effective November 30, 2016, mortgage loans that lenders insure using portfolio insurance and other discretionary low loan-to-value ratio mortgage insurance must meet the eligibility criteria that previously only applied to high-ratio insured mortgages. New criteria for low-ratio mortgages to be insured will include the following requirements:

1. A loan whose purpose includes the purchase of a property or subsequent renewal of such a loan;
2. A maximum amortization length of 25 years;
3. A property value below $1,000,000;
4. For variable-rate loans that allow fluctuations in the amortization period, loan payments that are recalculated at least once every five years to conform to the established amortization schedule;
5. A minimum credit score of 600;
6. A maximum Gross Debt Service ratio of 39 per cent and a maximum Total Debt Service ratio of 44 per cent, calculated by applying the greater of the mortgage contract rate or the Bank of Canada conventional five-year fixed posted rate; and,
7. If the property is a single unit, it will be owner-occupied.

These changes will not apply to low-ratio mortgage loans where, before October 17, 2016: a mortgage insurance application was received; or, the lender made the loan or made a legally binding commitment to make the loan; or, the borrower entered into a legally binding agreement of purchase and sale for the property against which the loan is secured. The new low-ratio mortgage insurance eligibility requirements also do not apply if, during the period beginning on October 17, 2016 and ending on November 29, 2016, at least one of these three criteria is met and the loan is funded before May 1, 2017.

 

[肥猫]

嗯，ottawa今年行情好于去年，至少很多房子的上市时间比以前少很多了。5年不涨的行情应该走到终点了。今年本来刚需进场的很多，无奈新政出来，连带一起受罪。现在需要租房的first time buyer很多。

这得归功于自由党。政府工好象都比较有底气。