As most of you have probably already heard, Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI) has announced significant changes to the qualifying rate for uninsured mortgages will come into effect on Jan. 1, 2018.
TriUrban’s team of professional investors has been hard at work analyzing just what exactly these changes will mean for property investors. We’ve come to the conclusion that the effects will have a substantial impact on investor’s ability to buy property. Despite this, we’ve actually discovered a hidden benefit to investors.
Read on to find out what the effects of Canada’s 2018 mortgage rule changes on property investors will be, why you should be buying property before the changes come into effect, and how you can “cash in” on the hidden benefit.