Market Hangs in the Balance Amid Proposed Mortgage Rules Although the Canadian real estate market is starting to pick up, there are growing concerns the new OSFI proposals might make qualifying for a mortgage more difficult. These new proposals by the Office of the Superintendent of Financial Institutions might negatively impact the Canadian real estate […]
mortgage stress test
Under the new mortgage stress test implemented by the Federal Government as of October 2016, may limit new home buyers to the amount of home they can afford and qualify for. The move sparked by potential hikes in interest rates and increasing housing prices, is aimed at insured mortgages up to terms of 5 year […]