Is the Stress Test necessary?
Posted on Oct 21, 2017
The stress test was introduced last fall to all applicants of insured mortgages (those with less than 20% down), but has now been extended to all mortgage applicants including uninsured borrowers, as that group comprises a larger segment of the mortgage market. The test requires an applicant’s income to qualify them for mortgage repayments at the B...
Bowen Island: a unique and entirely desireable real esate market
Posted on Sep 29, 2017 in About Bowen Island
BOWEN ISLAND is a unique market for real estate. We have a very broad spectrum of age, quality, style, location and value of housing across a limited inventory of homes, as demonstrated by the current MLS® active listings for Bowen. Listings range from $22.998,000 to $535,000, which is comparable to the range of detached homes listed across communi...
