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OSFI Caps Mortgages for Highly Indebted Borrowers in 2025

    Home Uncategorized OSFI Caps Mortgages for Highly Indebted Borrowers in 2025

    OSFI Caps Mortgages for Highly Indebted Borrowers in 2025

    By Adamas Financial | Uncategorized | 0 comment | 6 June, 2024 | 0

    Canada's banking regulator, OSFI, is imposing a cap on residential mortgages for highly indebted borrowers in anticipation of BOC rate cuts.Effective in Q1 2025, the new rule limits the number of mortgages a bank can issue exceeding 4.5X a borrower’s annual income.

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