osfi announcement

OSFI issues notice about mortgage market risk

OSFI urges lenders to be vigilant amid “heightened risk” in the mortgage market

March 13, 2024 No Comments

In response to increased risks in the mortgage market, Canada’s banking regulator has issued a reminder to lenders about their risk management responsibilities.

Latest in Mortgage News: OSFI leaves stress test rate unchanged

December 13, 2023 No Comments

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

“We don’t see vulnerabilities worsening,” OSFI says as it leaves capital buffer for big banks unchanged

December 8, 2023 No Comments

Canada’s banking regulator today announced no change to the amount of capital banks must keep on hand to cover potential future losses.

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.

Brokers question timing of OSFI’s proposed rule changes

January 16, 2023 4 Comments

Some in the industry are openly questioning the timing behind OSFI’s proposed underwriting changes.

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