Outline Financial
OSFI Will Lead The Department of Finance From June 1st
The Office of the Superintendent of Financial Institutions ( OSFI ) confirmed that higher stress test rate (5.25% vs. 4.79%) will now be applicable to both conventional AND insured buyers from June 1st. The department of finance stated that they will follow OSFI’s lead and implement similar Stress Test changes for insured mortgages. For more information on the same visit www.outline.ca/ or call at (416) 536 9559.
OSFI Will Lead The Department of Finance From June 1st
The Office of the Superintendent of Financial Institutions ( OSFI ) confirmed that higher stress test rate (5.25% vs. 4.79%) will now be applicable to both conventional AND insured buyers from June 1st. The department of finance stated that they will follow OSFI’s lead and implement similar Stress Test changes for insured mortgages. For more information on the same visit www.outline.ca/ or call at (416) 536 9559.