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OFSI Mortgage Changes Effective From June 1st

Effective June 1st, OSFI Mortgage changes are changing the mortgage qualification guidelines. But how will this impact you? The official announcement will be on 24th May with an inception of June 1st once approved.

 

The OSFI wants to increase the benchmark rate from 4.79% to 5.25% effective June 1, 2021.

 

Learn more about the modifications at www.outline.ca/ or call us at (416) 536 9559.

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Uploaded on June 22, 2021