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June 2019

Looking to Buy A Home? What Canada’s Stress Test Means for You

Posted on Jun 17, 2019





New mortgage rules


In 2017, the Office of the Superintendent of Financial Institutions (OSFI) took steps to help protect lenders and home buyers alike against future interest rate increases. Since January 1, 2018, new mortgages are subject to comparison with higher interest rates than the one issued at the time of the mortgage. Homeowners must be ab...

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