Welcome To Vandenberg Real Estate Solutions Blog

Vandenberg Real Estate Solution's blog is written by a real estate and divorce specialist. This is a place to learn about real estate advice for sellers, real estate advice for buyers, real estate advice for sellers going through a divorce. be inspired, and keep informed about industry updates.


Home Buying Process, Home Buying Tips, Mortgage, Stress Test Judith Vandenberg Home Buying Process, Home Buying Tips, Mortgage, Stress Test Judith Vandenberg

OSFI TO ELIMINATE STRESS TEST FOR UNINSURED MORTGAGES

In a significant shift for the Canadian mortgage market, the Office of the Superintendent of Financial Institutions (OSFI) has announced that it will eliminate the stress test requirement for uninsured mortgages starting in November 2024. This change marks a departure from the stringent qualifying criteria that have been in place since 2018 and is aimed at providing more flexibility for borrowers and lenders in the face of evolving economic conditions.

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