How is it calculated?
You must qualify at the greater of your contract rate + 2% or 5.25%. Lenders then check that housing costs stay within 39% of gross income (GDS) and all debts within 44% (TDS).
What should I do with the result?
Use it to set a budget or a target rate, then let lenders bid on your actual mortgage. Bids include rate, penalty method, prepayment and fees, so you can compare the full cost.
Frequently asked questions
Do renewals need the stress test?
Not for an uninsured straight switch at a federally regulated lender since November 21, 2024.
MBWritten by the MortgageBids.ca editorial team. Last updated October 7, 2026. General information only; your lender confirms terms for your file.
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