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https://calgarydreamhomes.com/changes-to-the-mortgage-stress-test-proposed-for-june-1-jencor.html

Today, Canada's banking regulator proposed raising the mortgage stress test benchmark for uninsured mortgages to 5.25% (or two percentage points above the mortgage contract rate, whichever is higher).


This change, proposed by the Office of the Superintendent of Financial Institutions (OSFI), only impacts homebuyers with a minimum 20% down payment, and would reduce their purchasing power by about 4-5%. 



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