Federal banking regulator keeps key mortgage stress test rate unchanged

Canada's banking regulator is holding the interest rate used in a key stress test for uninsured mortgages steady. The Office of the Superintendent of Financial Institutions says the minimum qualifying rate for uninsured mortgages will remain the greater of the mortgage contract rate plus two percentage points or 5.25 per cent. The Offer newsletter: Sign up for curated coverage of Canadian real estateUninsured mortgages are residential mortgages with a down payment of 20 per cent or more. OSFI sa