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Qualification & Ratios

OSFI

Office of the Superintendent of Financial Institutions

Last updated: October 2026

What is OSFI (Office of the Superintendent of Financial Institutions) in Canadian mortgages?

Federal regulator overseeing Canadian banks, insurance companies, and trust companies. Sets mortgage underwriting rules including Guideline B-20 (stress test, LTV limits, income verification).

OSFI example

Worked example

OSFI Guideline B-20 requires all federally-regulated lenders to stress-test borrowers at max(rate+2%, 5.25%).

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How bips handles OSFI

bips is an AI placement engine for Canadian mortgage brokers. It tests a borrower scenario against 40+ Canadian lenders in about two minutes, applying GDS, TDS, LTV, stress test and CMHC rules to every match. Free for the first 3 placements.