OSFI announced new mortgage rule changes this week that will be effective January 1, 2018. We have been asked every day since how this will actually effect our clients. Basically now the stress-test that was previously only applicable to high ratio (less than 20% down) mortgages will now be applicable to people with more than 20% down. The stress test requires us to prove that the client qualifies at the higher of either the bank of Canada’s 5-year posted mortgage rate (cu