OSFI to eliminate stress test for uninsured mortgage switches starting November 21 - Mortgage Partners Corporation

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

September 25, 2024
5:15 pm

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

OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight switches of uninsured mortgages. Mortgage Rates & Mortgage Broker News in Canada

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