New Mortgage Rules Dil Kaur’s dream of a two-bedroom condo was already a downgrade from her original idea of buying a detached house somewhere within the Metro Vancouver area. Kaur, 33, began searching two years ago

Yesterday, Federal Minister of Finance, Bill Morneau, announced tighter lending rules.  The big focus is on the new ‘stress test’. To sum it up, here’s what’s gonna happen and how it will affect you.