This episode delves into the recent surge in mortgage, real estate, and home buying regulations, specifically focusing on the introduction of new rules by OSFI (Office of the Superintendent of Financial Institutions) regarding loan-to-income (LTI) ratios, anticipated to come into effect by spring of 2025. Host Alex McFadyen, an independent mortgage broker, elaborates on the implications these changes could have on individuals aiming to buy a home, refinance, or maintain their property in Canada. Furthermore, the episode explores the current challenges in Canada's real estate market, including supply and demand issues and the difficulties in increasing housing starts compared to previous years. Alex also provides insights into how these rules might impact different lenders, the discrepancies in qualification requirements, and the overall future landscape of real estate investing and home buying in high-cost markets.
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