OSFI confirms tighter mortgage stress test to come into effect June 1
Canada’s financial regulator on Thursday confirmed a new benchmark qualifying rate for uninsured borrowers would come into effect on June 1 after the central bank earlier issued its strongest comments yet on the country’s red-hot housing market.
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Original Article Source Credits: Financial Post, https://financialpost.com/
Article Written By: NA
Original Article Posted on: 20th May 2021
Link to Original Article: https://financialpost.com/fp-finance/osfi-confirms-tighter-mortgage-stress-test-to-come-into-effect-june-1