Mortgage News: OSFI to Re-launch Review of the Uninsured Stress Test
Latest News Jag Dhamrait 9 Apr
Canada’s bank regulator, The Office of the Superintendent of Financial Institutions (OSFI) announced on April 8, 2021, that it will restart a review of the stress test rate on uninsured mortgages. If approved, the qualifying stress test rate will move higher from 4.79% to 5.25% or two percentage points above the market rate, whichever is […]
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