Skip the stress test mortgages are a type of mortgage product that allows borrowers to qualify for a mortgage without undergoing the stress test, which is a requirement for most mortgage borrowers in Canada. The stress test is a measure put in place by the Canadian government to ensure that borrowers can afford their mortgage payments even if interest rates were to rise.

Skip the stress test mortgages are typically offered by alternative lenders, such as private mortgage lenders or mortgage investment corporations. These lenders may offer borrowers the option to skip the stress test if they are able to provide a larger down payment, have a strong credit score, or have other mitigating factors that suggest they are capable of making their mortgage payments.

However, it's important to note that skip the stress test mortgages may come with higher interest rates and fees compared to traditional mortgages. Additionally, borrowers should be careful to consider the long-term affordability of their mortgage, as skipping the stress test may mean that they are taking on more risk if interest rates do rise in the future.