What is the Stress Test? The Stress Test is performed when a home buyer in Canada applies for a mortgage. A Buyer will need to prove they can afford to pay their monthly mortgage at an interest rate higher than the rate posted on their actual mortgage.
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Strata Living in Victoria
Apartments, town homes, and condominiums in Victoria are the most common forms of Stratas, but it doesn’t stop there. Even select detached single-family homes can be part of a Strata in what’s known as a Bare Land Strata.
Read MoreReal Estate Statistics | February 2020
There were 1,958 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of January 2020, 6 properties more than the total available at the end of December 2019 and a 4.8 per cent decrease from the 2,057 active listings for sale at the end of January 2019.
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