Mortgage Stress Tests in Canada
The Canadian government is trying to cool the hot real estate markets in metropolitan cities such as Vancouver and Toronto, by rolling out new rules on mortgage lending. The most recent of these measures, are the rules implemented…
Mortgage Stress Test – Update
The Office of the Superintendent of Financial Institutions Canada (OSFI) announced a number of new mortgage rules which came into effect on January 1, 2018. The new rules, which affect all Canadians renewing or refinancing a mortgage, will require…