OSFI is tightening mortgage lending again. But this time, it’ll be less impactful for consumers.
The banking regulator issued its final Mortgage Insurer Capi... Read More...
A few weeks ago, S&P said Canadian bank risk was rising, and it blamed mortgage brokers in the process.
The rating agency wrote:
“…The growing share o... Read More...
CMHC head Evan Siddall made a comment last fall that has credit unions worried.
"CMHC will be seeking data from securitization program participants on their ... Read More...
High borrowing rates are a relic.
Canadian regulators may soon force borrowers to qualify at interest rates two percentage points above the contract rate.
... Read More...
Among external factors that affect housing markets, two are by far the most important and both are more or less directly controlled by the federal government.
... Read More...
When Interest Rates Inevitably Rise…
In a new report on “household indebtedness and financial vulnerability,” the Parliamentary Budget Office (“PBO”) has pro... Read More...
By Dustan Woodhouse, Special to CMT
Regulators have made several changes to the mortgage market each year since the 2008 financial crisis. The most r... Read More...
Are regulators oblivious to the consequence of their own mortgage policies? That's what certain industry stakeholders and MPs suggested to Parliament's Standing... Read More...
Canada's mortgage rulemakers want less exposure to insured mortgages and—as this BMO Capital Markets graph shows—they're getting exactly what they want.
... Read More...
CMT has a long record of critiquing government rule changes in the mortgage business. It’s a check and balance on a bureaucratic system that sometimes "forgets"... Read More...
