«The Office of the Superintendent of Financial Institutions (OSFI) unveiled a final draft of new mortgage qualification rules Tuesday, tweaking its earlier proposal to ensure home buyers will not have an unintended incentive to sign up for shorter - term mortgages. (chriskeleher.ca)
The homebuying budgets of Canadian millennials shrank by 16 per cent or just over $ 40,000 following the introduction of tougher mortgage qualification rules in January, according to a new study. (business.financialpost.com)
First - time home buyers, as well as homeowners who need to renew their existing mortgages in 2018, will face headwinds from stricter mortgage qualification rules as well as interest rate hikes. (moneysense.ca)