New Mortgage Rules – Stress Test On October 17, the Office of the Superintendent of Financial Institutions (OSFI) announced changes to mortgage rules. These rules will be in effect January 1, 2018. In the past, if you had a 20% down payment, your 5-year contract rate would be used to determine your maximum mortgage. The
On October 18th, RLB co-hosted a half-day seminar for Business Owners at Langdon Hall which addressed key issues relating to an increased change in ownership in the small and medium employers sector and the need for proactive planning. The content was structured for both buyers, sellers, and/or owners simply looking to build transferable value. Jason