The Canadian Press · Posted: Sep 26, 2024 6:31 AM PDT | Last Updated: September 26, 2024 ...

Under the new stress test rate of 5.25 per cent, that family’s maximum affordability would decrease to $618,000.

The concern helped lead to OSFI’s announcement last week that starting Nov. 21, it would no longer require a stress test for uninsured mortgages when borrowers are making a straight switch ...