New CANADA Stress Test!

In this episode of #RealEstateRealTalk, we talk about the New Mortgage Stress Test in Canada 2021! Just recently, the Office of the Superintendent of Financial Institutions (OSFI) confirmed that the changes for the mortgage stress test will be implemented starting tomorrow, June 1, 2021.

If you are currently active in real estate, looking for a new home, then it's certain that you have heard of this latest talk in town which is the stress test. Just recently, the Office of the Superintendent of Financial Institutions (OSFI) confirmed that the changes for the mortgage stress test will be implemented starting tomorrow, June 1, 2021.

This coming of the new stress test brought even more stress to everyone who's currently into Canada Real Estate, looking for homes and applying for mortgages. Watch this short video and know what you should do with the changes in the mortgage stress test.

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