regulations

New Stress Test Regulations Are A Nightmare For Many Buyers

New Stress Test Regulations Are A Nightmare For Many Buyers

OSFI has proposed new changes to the mortgage stress test in an effort to cool an overheated real estate market. Markets such as Toronto and Vancouver have been exploding over the past twelve months despite the pandemic. It brings the question of whether this will have the desired effect or will simply be a temporary solution to an ongoing problem.