Are you planning to buy a new home this year? The new rules in place since January 1st, 2018, means that even if you have a down payment of more than 20%, you will need to pass a stress test. You might need to adjust your budget to buy a less expensive home or you might wait a little longer so that you can have a larger down payment.
For more information about the rules, read the following, sourced by TD Canada Trust.
https://www.tdcanadatrust.com/products-services/banking/mortga ges/new-mortgage-rules.jsp