OSFI RULE B-20

The new mortgage stress test has brought about significant changes to mortgage lending. One of the most drastic changes is the inability for borrowers to qualify for what they once did prior to January of 2018.

A few areas of the market are experiencing the most affects. They are: 

• First-time buyers 
• Repeat buyers
• Those needing to refinance or consolidate debt
• Those renewing their mortgage
  

We have an intricate web of lenders we work with almost exclusively to maintain a high level of mortgage approvals.