Should I wait for the new Stress Test in April?

The changes to the Stress Test will on average increase purchasing power by 3%, so if you were qualified to purchase up to $300,000, you might qualify for a $309,000 purchase come on April 6th. Clients with higher incomes and larger down payments will notice a greater increase in purchasing ability, and some examples I’ve read about show that on a $500,000 purchase for a high income earner, they might be able to increase their purchasing power up to $525,000. Just remember that everything is case by case.