Canada’s Real Estate Industry Just Asked OSFI To Loosen The Mortgage Stress Test

Author: External Author | | Categories: First Time Home Buyer Mortgage , Mortgage Broker

Mortgage Broker Bradford

Canada’s real estate industry is asking bank regulators to loosen lending standards. OSFI, the bank regulator, is currently holding feedback on B-20 Guideline revisions. The Guideline, better known as the “stress test,” ensures borrowers can pay their mortgage after a modest rate hike. The Toronto Regional Real Estate Board (TRREB) wants some tweaks, arguing it’s too tight. Here’s what they’re asking the regulator to consider.

Read More

Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Stephen Punwasi

Original Article Posted on:  

Link to Original Article:  https://betterdwelling.com/canadas-real-estate-industry-just-asked-osfi-to-loosen-the-mortgage-stress-test/



READ MORE BLOG ARTICLES

Top
Top