OSFI rules Archives - Mortgage Rates & Mortgage Broker News in Canada

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.

OSFI shelves some of its regulatory proposals in response to stakeholder feedback

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 it had introduced earlier this year after they were met with widespread concern and criticism during its public consultation period.

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 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.

Critics say OSFI’s proposed mortgage changes could do more harm than good

May 4, 2023 No Comments

While OSFI’s proposed underwriting changes announced in January were presented as an effort to control market risk, critics say the regulator risks overtightening a market that is already in decline.

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.

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 rules