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June Conway
West Vancouver REALTOR® since 1988
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  • Properties
    • Properties
    • Recent Sales
  • For Buyers
    • Menu iconPractical Buying Tips
    • Menu iconBuyers Cost Guide
    • Menu iconDeposit Power-Saving Ideas
    • Menu iconMortgage Free Strategies
    • Menu iconMortgage & BC Home Buyer Tax Calculator
    • Menu iconConsumer Protection Information
  • For Sellers
    • Menu iconHome Maintenance Checkup
    • Menu iconMoving Checklist
    • Menu iconPreparing Your Home For Sale
    • Menu iconConsumer Protection Information
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Mortgage Specialist

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Will new mortgage rules impact real estate activity?

Real Estate TipsBy June ConwayJune 2, 2021Leave a comment

The Office of the Superintendent of Financial Institutions (OFSI) and the Minister of Finance, Canada’s banking regulators, tightened the rules around the mortgage stress test on June 1. Under the new requirements, all mortgage applicants must be able to afford their mortgage at an interest rate of 5.25 per cent or two per cent over…

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John Jennings Real Estate Team
Royal LePage Sussex – John Jennings
2397 Marine Drive
West Vancouver, BC V7V 1K9

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