Morrison Sells Real Estate – Toronto Real Estate Agents

The Morrison Report

Welcome to the Morrison Report podcast, insights into the Toronto Real Estate Market. Everything you need, want and are curious to know about the market. I’d love to hear your suggestions on topics I should cover so please feel free to reach out to me at davelle@bosleyrealestate.com

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Real Estate, Blog, The Morrison Report

Mortgage Rules: Did they just make it harder to buy a house, AGAIN?

Yesterday, OSFI (The Office of the Superintendent of Financial Institutions) announced some new rules to tighten up the real estate market. These rules will affect anyone putting 20% as down payment or more on a home. Currently, anyone purchasing a house over a million dollars will have to put a down payment of at least 20% to qualify for a mortgage. Those who spend less than a million dollars and put down less than 20% have been experiencing this additional stress test for the last year.

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