OSFI mortgage stress test Archives - Mortgage Rates & Mortgage Broker News in Canada

OSFI to eliminate stress test for uninsured mortgage switches starting November 21

September 25, 2024 1 Comment

OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight switches of uninsured mortgages.

OSFI doubles down on keeping stress test for uninsured mortgage switches

June 13, 2024 1 Comment

The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches.

Fixed-payment variable rate mortgages a “dangerous product,” says OSFI

November 2, 2023 1 Comment

Canada’s banking regulator said Thursday it views fixed-payment variable-rate mortgages as a “dangerous product” that puts certain borrowers at increased risk of default.

OSFI seeks to address “problem” of fixed-payment variable-rate mortgages

September 7, 2023 1 Comment

It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today.

The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI

April 28, 2023 1 Comment

The mortgage stress test has thus far proven effective in protecting the housing sector from a volatile economy, but further changes haven’t been ruled out, says Canada’s banking regulator.

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.

A deep-dive of the mortgage stress tests

A deep-dive into the mortgage stress tests: They’re necessary, but the design is flawed

September 29, 2022 1 Comment

This is the second in a two-part series exploring the impact the mortgage stress tests had on borrowers and some additional and unintended risks they have brought about.

A deep-dive into the mortgage stress tests: Did they serve their purpose?

September 27, 2022 1 Comment

In this two-part series, economist Will Dunning explores the premise of the mortgage stress tests and their current relevance in the context of today’s sharply higher interest rates and worsening economic conditions.

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.

OSFI mortgage stress test