New Mortgage Rules Will Impact the Housing Market!


Blog by Arnold Shuchat | October 17th, 2017


New Mortgage rules will put the squeeze on housing transactions and prices! Check out the latest changes as published in today's media here: http://www.cbc.ca/ne…/business/osfi-mortgage-rules-1.4358048

As of January 1, 2018, ALL borrowers must be stress tested at 2% over the current rates!

Expect a last quarter of 2017 rush on new applications by uninsured buyers before the rules come into force.