Stress Test - Affordability

Stress tests combined with your Mortgage Ratios and Credit Score are the ultimate financial fitness test!


What is OSFI's Stress Test?


OSFI's stress test is based on the Mortgage Qualifying Rate(MQR).  MQR is the greater of your mortgage contractual rate + 2% or 5.25%, for both insured and uninsured mortgages.  It helps decide whether you can afford a mortgage.


OSFI reviews the MQR annually and left the rate steady during their Dec 15, 2022 review.  

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