Blog by Majeed Rajabi

Bank regulator proposes higher mortgage stress test level, making it harder to qualify for home loan

April 8th, 2021

OSFI was considering changes in early 2020 before shelving them during COVID-19

Canada's top banking regulator is raising the mortgage stress test level to 5.25 per cent or two percentage points above the market rate, whichever is higher. (Ron Antonelli/Bloomberg)

Canada's top banking regulato ...

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