NEW MORTGAGE RULES, STRESS TEST

The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry on October 17, 2017. “These revisions to Guideline B-20 reinforce a strong and prudent regulatory regime for residential mortgage underwriting in Canada,” said Superintendent Jeremy Rudin. Guideline B-20 is effective January 1, 2018. The changes to Guideline B-20 reinforce OSFI’s …

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