Latest / The Flow: Real Estate and Money Show
New Mortgage Rules Announced for Canada - E28
This episode delves into the recent surge in mortgage, real estate, and home buying regulations, specifically focusing on the introduction of new rules by OSFI (Office of the Superintendent of Financial Institutions) regarding loan-to-income (LTI) ratios, anticipated to come into effect by spring of 2025. Host Alex McFadyen, an independent mortgage broker, elaborates on the implications these changes could have on individuals aiming to buy a home, refinance, or maintain their property in Canada. Furthermore, the episode explores the current challenges in Canada's real estate market, including…
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