new mortgage rules Archives - Mortgage Rates & Mortgage Broker News in Canada

2024 mortgage market: A year in review

December 31, 2024 No Comments

The past year marked a turning point for Canada’s housing and mortgage market, with rate hikes giving way to rate cuts, alongside numerous regulatory changes and new government program announcements.

New mortgage rules spark debate in Canada’s housing sector

October 6, 2024 2 Comments

Canada’s mortgage industry is responding to the federal government’s recent adjustments to mortgage rules, aimed at improving affordability for certain buyers.

Federal government releases technical details of its latest mortgage changes

September 24, 2024 2 Comments

As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on December 15, 2024.

OSFI to implement loan-to-income (LTI) restrictions

October 16, 2023 No Comments

Canada’s banking regulator confirmed today that it will no longer pursue at least several of the proposed mortgage regulations introduced earlier this year, but will move ahead with new loan-to-income restrictions for lenders.

New OSFI rules for readvanceable mortgages

OSFI tweaks rules for readvanceable mortgages

June 28, 2022 No Comments

OSFI has announced a slight change to rules surrounding readvanceable mortgages.

Homebuyers to Face More Stringent Mortgage Stress Test After June 1

April 8, 2021 13 Comments

Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages.

Genworth and Canada Guaranty won't adopt new mortgage rules

Genworth and Canada Guaranty Won’t Adopt CMHC’s New Mortgage Rules

June 8, 2020 7 Comments

Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed Monday they will not

new mortgage rules