The fallout from OSFI’s new mortgage stress test continues to play out across the mortgage industry. More mortgage applications are being rejected by the big banks and monoline lenders in the wake of the new B-20 mortgage stress test. We have seen an influx of almost 20% of our mortgage applications being sent to private or alternative lenders.

If you are struggling to qualify for a mortgage under the new mortgage rules, don’t hesitate to reach out to us for help. We’re here to find a home for your mortgage.