Eye on Toronto Real Estate
10 Yonge Street M5E 1R4 Toronto, ON, Canada

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Changes in Mortgage Rules yet again ... From Joanna Lang's mortgage team: While the details are still trickling in, the Office of the Superintendent of Financial Institutions (OSFI - the bank regulator) has once again used its powers to tighten mortgage qualification rules. These changes are effective as early as today for some lenders, but no later than January 1, 2018 and will impact anyone looking to purchase a home with 20% or more down payment (or looking to refinance) ...Continue reading

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