The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry, which include a “stress test” for uninsured mortgages. Home buyers with 20% or greater down payments will need to qualify for their mortgages using the higher of the average 5-year posted rate (currently 4.89%) or 2.00% higher than their actual mortgage …
- OSFI Will Be Introducing a New “Stress Test” for Uninsured Mortgages (greater than 20% down payment) Effective January 1, 2018.
- Understanding Ontario’s Real Estate Boom – Presentation by Craig Alexander
- Bronte Village Mall Redevelopment
- Did You Know?
- Royal LePage National Garage Sale for Shelter – Sat. May 13th