Image by: unsplash

The article discusses the potential end of Canada’s mortgage stress test, following a proposal by the Office of the Superintendent of Financial Institutions (OSFI). OSFI suggests adjusting the current stress test criteria, allowing more flexibility for lenders in evaluating borrowers' ability to repay loans. The change could have significant effects on Canada's housing market, particularly by easing some restrictions for homebuyers, especially in expensive markets like Toronto and Vancouver. Experts weigh in on the potential pros and cons of this proposal.

Read the full article on: REAL ESTATE MAGAZINE