Pattie Lovett-Reid: What the new rules around uninsured mortgages mean for homebuyers

Author: External Author | | Categories: Buying a Home , First Time Home Buyers

Pattie Lovett-Reid From first time buyers to luxury homes, Canada's real estate market is on fire.jpg

 It is not the first time and it won't be the last time the Office of the Superintendent of Financial Institutions (OSFI) changed up the qualifying rules for uninsured mortgages (i.e. residential mortgages with a down payment of 20% or more). 

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Original Article Source Credits:  CTV News , https://www.ctvnews.ca/ 

Article Written By:  Patricia Lovett-Reid

Original Article Posted on:  May 25, 2021

Link to Original Article:  https://www.ctvnews.ca/business/pattie-lovett-reid-what-the-new-rules-around-uninsured-mortgages-mean-for-homebuyers-1.5440888



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