stress test changes Archives - Mortgage Rates & Mortgage Broker News in Canada

OSFI removes mortgage stress test on switches

OSFI eyes loan-to-income rules to replace stress test as industry weighs implications

June 7, 2025 3 Comments

Canada’s banking regulator is weighing a major overhaul to how borrowers qualify for mortgages, one that could have significant implications for banks, brokers and homebuyers alike.

OSFI’s stress test on mortgage switches ends: What you need to know

November 20, 2024 1 Comment

Starting tomorrow, certain mortgage borrowers will find it easier to switch lenders, thanks to the removal of the requirement to qualify at a higher stress test rate.

OSFI to eliminate stress test for uninsured mortgage switches starting November 21

September 25, 2024 1 Comment

OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight switches of uninsured mortgages.

The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI

April 28, 2023 1 Comment

The mortgage stress test has thus far proven effective in protecting the housing sector from a volatile economy, but further changes haven’t been ruled out, says Canada’s banking regulator.

A deep-dive of the mortgage stress tests

A deep-dive into the mortgage stress tests: They’re necessary, but the design is flawed

September 29, 2022 1 Comment

This is the second in a two-part series exploring the impact the mortgage stress tests had on borrowers and some additional and unintended risks they have brought about.

The latest in mortgage news: OSFI has no plans to loosen the stress test

September 14, 2022 1 Comment

Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are imminent.

stress test changes