Real Estate in Qualicum Beach, Parksville, and Nanoose Bay
Anchor Realty 113 West 2nd Avenue
Qualicum Beach, BC Canada (250) 667-0719
RE/MAX Balloon

Mortgage Stress Test

Home > Market News > Nancy’s Blog > Mortgage Stress Test

A Few Mortgage Conditions.

  • Photograph of Nancy Smith
  • Qualicum Beach REALTOR®
  • Published: Feb 20th, 2020 at 8:09 pm

Quick facts

  • When a borrower has less than a 20% down payment, lenders are required to obtain government-backed mortgage insurance. The mortgages must comply with the insured mortgage rules set by the Minister of Finance, including the insured minimum qualifying rate.

  • When the borrower has a down payment of 20%, or more, of the sale price, insurance is not required. The minimum qualifying rate for uninsured mortgages is set by OSFI, the independent banking regulator.

  • To help more Canadians access affordable housing that meets their needs, the Government of Canada launched the National Housing Strategy—a 10-year, $55+ billion plan that will build 125,000 new affordable housing units, repair 300,000 others, and reduce chronic homelessness by 50%.

  • In Budget 2019, the federal government took concrete steps to make homeownership more affordable for first-time buyers by implementing a First-Time Home Buyer Incentive and increasing the Registered Retirement Savings Plan withdrawal limit to $35,000 to buy a home.

<< Back to main blog page

Listings by Community

Video Tours

Search by Price

Price:
 
Sort order:
Results/page:

Listings by Type

Nancy's Picks

$5,449,000 - 4,378 sqft • 3 bdrm Qualicum Beach
$4,250,000 - 3,844 sqft • 3 bdrm Nanoose Bay
$3,995,000 - 3,627 sqft • 4 bdrm Parksville
$3,980,000 - 4,555 sqft • 3 bdrm Nanoose Bay
$3,688,800 - 8,190 sqft • 5 bdrm Comox
$3,298,000 - 2,747 sqft • 3 bdrm Nanoose Bay
$3,150,000 - 3,609 sqft • 4 bdrm SOLD April /2024 French Creek
$2,795,000 - 2,180 sqft • 4 bdrm SOLD March /2024 Nanoose Bay
$2,480,000 - 3,291 sqft • 3 bdrm SOLD March /2024 Nanoose Bay
$2,398,800 - 5,799 sqft • 4 bdrm Qualicum Beach
$1,850,000 - 3,168 sqft • 5 bdrm Courtesy BC Assessment Nanaimo
$1,850,000 - 5,428 sqft • 7 bdrm SOLD March /2024 Errington
$1,825,000 - 3,180 sqft • 4 bdrm Qualicum Beach
$1,799,900 - 10.87 acres Errington
$1,799,000 - 1,892 sqft • 4 bdrm Nanoose Bay
$1,725,000 - 2,588 sqft • 3 bdrm Coombs
$1,699,000 - 2,299 sqft • 3 bdrm Nanoose Bay
$1,698,000 - 3,060 sqft • 3 bdrm Ladysmith
$1,695,000 - 3,511 sqft • 3 bdrm Nanoose Bay
$1,649,000 - 2,622 sqft • 6 bdrm Qualicum Beach
$1,598,000 - 4,203 sqft • 3 bdrm Bowser/Deep Bay
$1,499,900 - 3,271 sqft • 4 bdrm Parksville
$1,499,000 - 3,165 sqft • 4 bdrm Nanoose Bay
$1,459,900 - 2,530 sqft • 3 bdrm Nanoose Bay
$1,379,000 - 2,162 sqft • 3 bdrm Bowser/Deep Bay
$1,350,000 - 2,189 sqft • 4 bdrm Nanoose Bay
$1,350,000 - 3,382 sqft • 5 bdrm SOLD April /2024 Qualicum Beach
$1,299,000 - 1,831 sqft • 3 bdrm Qualicum Beach
$1,298,000 - 2,363 sqft • 3 bdrm SOLD April /2024 Qualicum Beach
$1,250,000 - 2,452 sqft • 3 bdrm SOLD APRIL /2024 Bowser/Deep Bay
$1,250,000 - 3,646 sqft • 4 bdrm Qualicum Beach
$1,100,000 - 2,089 sqft • 4 bdrm SOLD March /2024 Nanoose Bay
$999,888 - 1,829 sqft • 3 bdrm SOLD April /2024 Qualicum Beach
$979,900 - 2,015 sqft • 3 bdrm Qualicum Beach
$975,000 - 2,271 sqft • 3 bdrm SOLD APRIL /2024 Qualicum Beach
$915,000 - 1,770 sqft • 3 bdrm SOLD April /2024 Qualicum Beach
$899,900 - 1,824 sqft • 3 bdrm Qualicum Beach
$899,900 - 0.20 acres Bowser/Deep Bay
$898,000 - 1,838 sqft • 3 bdrm Parksville
$885,000 - 1,641 sqft • 3 bdrm Qualicum Beach
$878,000 - 2,000 sqft • 3 bdrm Parksville
$860,000 - 3,040 sqft • 8 bdrm SOLD March 29 /2024 Nanaimo
$824,900 - 1,650 sqft • 3 bdrm SOLD MAY /2024 Qualicum Beach
$799,000 - acres Courtesy Google Maps Nanoose Bay
$775,000 - 1,624 sqft • 4 bdrm SOLD MARCH /2024 Whiskey Creek
$764,000 - 1,846 sqft • 2 bdrm SOLD April /2024 French Creek
$759,900 - 1,367 sqft • 2 bdrm SOLD March /2024 Qualicum Beach
$739,000 - 1,639 sqft • 2 bdrm SOLD MARCH /2024 Parksville
$725,000 - 1,216 sqft • 3 bdrm Expansive Walkable Beach Qualicum Beach
$724,900 - 1,413 sqft • 3 bdrm Parksville
$679,900 - 1,004 sqft • 2 bdrm Indoor pool pleasure Parksville
$650,000 - 1,403 sqft • 3 bdrm SOLD APRIL /2024 Qualicum Beach
$475,000 - 1,046 sqft • 2 bdrm Parksville
$450,000 - 2,432 sqft • 3 bdrm Whiskey Creek
$449,900 - 915 sqft • 2 bdrm SOLD MAY /2024 Qualicum Beach
$399,000 - 891 sqft • 2 bdrm SOLD August /2023 Parksville

Community Info

Community Resources

Community Videos

RE/MAX 100 Club Badge Qualicum Beach REALTOR® Nancy Smith

Videos

THE SIGN of a RE/MAX AGENT - Nancy Smith, REALTOR®

Testimonials

Green Homes

Green Homes Icon

Weather

Web cam thumbnail preview image

Tools

Resources

Video

Active Living