Canada’s Real Estate Industry Just Asked OSFI To Loosen The Mortgage Stress Test

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Mortgage Professional Kitchener

Canada’s real estate industry is asking bank regulators to loosen lending standards. OSFI, the bank regulator, is currently holding feedback on B-20 Guideline revisions. The Guideline, better known as the “stress test,” ensures borrowers can pay their mortgage after a modest rate hike. The Toronto Regional Real Estate Board (TRREB) wants some tweaks, arguing it’s too tight. Here’s what they’re asking the regulator to consider.

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Original Article Source Credits:   Better Dwelling , https://betterdwelling.com/

Article Written By:  Stephen Punwasi

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Link to Original Article:  https://betterdwelling.com/canadas-real-estate-industry-just-asked-osfi-to-loosen-the-mortgage-stress-test/

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