Stress Test No More?
The End of Canada’s Mortgage Stress Test? OSFI’s New Game-Changing Proposal Canada’s housing market, the Office of the Superintendent of Financial Institutions (OSFI) is considering replacing the controversial mortgage stress…
How the new mortgage ‘stress test’ will affect homebuyers
TORONTO — In an attempt to try and cool down the overheated housing market, the federal government is making it tougher to get a mortgage starting June 1. The new…
Homebuyers to Face More Stringent Mortgage Stress Test After June 1
Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) unveiled its proposed changes on…