New mortgage rules result in more stress...testing.
Yes, more stress... testing. As with all good training programs adding a stress will allow for future adaptation and growth. BUT we often forget this with the immediate short term stress. Plan ahead as much as possible and this will be behind us soon enough. Yesterday, the Office of the Superintendent of Financial Institutions (OSFI) announced new guidelines for residential mortgages that are set to come into effect as of January 1, 2018. Uninsured mortgages will now be subje