Canadian real estate buyers, already hammered by the new OSFI mortgage stress test, are going to see their borrowing power reduced even further as rates climb.
The mortgage industry says Canadian real estate buyers are going to have to lower expectations on what they can afford starting next month.
Vancouver real estate buyers could be in for a rough ride, as OSFI approves B-20 guidelines to stress test uninsured mortgage borrowers.
Canadian real estate buyers just lost 25% of their buying power. Here’s the most important changes to OSFI’s update to uninsured mortgages.
Wondering how Toronto real estate would be impacted by OSFI’s new B-20 guidelines? We crunch the numbers, and of course – map it.
Canadian real estate owners won’t lose their homes over proposed uninsured mortgage stress testing, but it could cost them more.