Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The Office of the Superintendent of Financial Institutions (OSFI) confirmed on Thursday that it will move ahead with its stress test changes first announced last month, which will apply to uninsured mortgages (typically […]
WHAT YOU NEED TO KNOW ABOUT THE NEW ALBERTA CONDOMINIUM INSURANCE CHANGES? Condominium Insurance is a relatively misunderstood type of coverage. To further complicate things, there have been some recent legislation changes made that may affect your policy, so this is the perfect time to review your policy to ensure that you have the […]
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