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Regulatory•Verified 2026-02-18

What are the Loan-to-Income (LTI) limits, and how do they impact lenders?

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2026 Canadian Mortgage Stress Test Explained: OSFI Rules, Renewal Exemptions & Straight Switches

Related Questions

How does the new OSFI guidance affect mortgage switching for you?

The latest OSFI guidance simplifies switching lenders at renewal for borrowers with existing uninsured mortgages.

What documentation is typically required for a mortgage application, and how might this differ for a 'straight switch'?

While specific requirements can vary slightly among lenders, the standard documentation confirms income, credit history, and property details.

How does 'stress testing' affect the stability of financial institutions?

Stress testing evaluates how a financial institution's mortgage portfolio would fare under tough economic times.

What exactly are GDS and TDS ratios, and how are they calculated?

Gross Debt Service (GDS) and Total Debt Service (TDS) ratios are vital metrics Federally Regulated Financial Institutions (FRFIs) use to assess a borrower's ability to manage debt.

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