Stressed about the “stress-test”? Don’t be, we got you!
DID YOU KNOW....
The Office of the Superintendent of Financial Institutions (OSFI), recently announced a new mortgage rule that will come into effect on January 1, 2018 that would require lenders to “stress test” all mortgages.
As a consumer, this means, that after January 1, 2018, it’s going to be harder to get a mortgage.
Read our summary of what you NEED to know so you can ACT NOW and beat the January first new rule implementation!