OSFI's MQR: Formula and Limits | Your Mortgage Minute

Your Mortgage Minute | Onlendhub · Oct 22, 2026 · 6m · transcript

Description: OSFI's minimum qualifying rate for uninsured mortgages is the greater of the contract rate plus two percentage points or five point two five percent. At a four point five percent contract rate, that's six point five percent. But that formula does not settle straight renewals, eligible uninsured straight switches, refinance or new money, amortization increases, or insured files. In this episode, Sarah and Mouli walk through the official formula, a payment illustration using a four hundred eighty thousand dollar balance, and the practical difference between contract payment and…