Archived Mortgage Stress-Test Update

This article was originally published in 2025 while mortgage-regulation proposals were being discussed. It is now archived because current qualification rules and lender practices should be checked using up-to-date official guidance.

OSFI’s current uninsured-mortgage minimum qualifying rate generally uses the greater of the borrower’s contract rate plus 2% or 5.25%, subject to applicable exceptions and lender requirements. Buyers should confirm their own qualification with a lender or mortgage professional.

For current property-search, comparable-sales and offer-strategy guidance, see Buying With Richard and the updated Toronto Home Affordability Guide.

This archived page is retained so older links continue to work. Mortgage rules and lender policies can change; use current official and lender guidance.