b-20 Archives - Mortgage Rates & Mortgage Broker News in Canada

Public perceptions of banking regulator influenced mortgage decision: OSFI head

October 3, 2024 1 Comment

The recent decision by Canada’s banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, said Office of the Superintendent of Financial Institutions head Peter Routledge.

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 proposes new mortgage restrictions

January 12, 2023 3 Comments

Canada’s banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period.

OSFI Flags Underwriting Issues Related to Income Verification

April 22, 2022 1 Comment

In its first Annual Risk Outlook, OSFI identified several potential issues in the housing market and outlined plann

Morneau: No Stress Test for Private Lenders

January 29, 2019 No Comments

Finance Minister Bill Morneau denied reports that his government is planning new regulations aimed at private mortgage lending. “I’m not currently considering any stress tests

Commentary: Another Regulatory Witch Hunt?

February 5, 2018 5 Comments

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 uninsured

Q4 2017 Bank Earnings – Mortgage Morsels

December 14, 2017 No Comments

It was a good year for Canada’s Big 6 banks, which earned a combined $42 billion for fiscal year 2017. As with the rest of

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