B-20 OSFI

OSFI seeing a deterioration in credit quality, says borrowers to face challenges at renewal

October 12, 2023 No Comments

Canada’s banking regulators says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a deterioration in certain credit quality.

OSFI leaves mortgage stress test unchanged

December 15, 2022 1 Comment

Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged.

OSFI unlikely to tweak the mortgage stress test tomorrow

December 14, 2022 No Comments

Canada’s banking regulator is set to announce the results of its annual review of the mortgage stress test’s minimum qualifying rate on Thursday.

The latest in mortgage news: OSFI has no plans to loosen the stress test

September 14, 2022 1 Comment

Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are imminent.

B-20 Bombshell

July 11, 2017 5 Comments

Following Ottawa’s landscape-changing insurance rules last fall, the Department of Finance has raised little concern about the prime uninsured mortgage market, at least publicly. Nor should it—at least with respect to

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