Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages | OSFI Caps Mortgages for Highly Indebted Borrowers in 2025

Canada's banking regulator, OSFI, is imposing a cap on residential mortgages for highly indebted borrowers in anticipation of BOC rate cuts.Effective in Q1 2025, the new rule limits the number of mortgages a bank can issue exceeding 4.5X a borrower’s annual income.