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.
Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week.
Canada’s banking regulator today unveiled the final changes to its mortgage underwriting standards—Guideline B-20—that will further tighten lending standards and...
Mortgage professionals from across Canada descended on Montreal last weekend for the annual National Mortgage Conference. Hosted by Mortgage Professionals...
In response to increased risks in the mortgage market, Canada's banking regulator has issued a reminder to lenders about their risk management responsibilities.
The federal government announced on Tuesday it will be changing the benchmark qualifying rate used for Canada’s insured mortgage stress...
Exactly one year after OSFI said it would review its B-20 guidelines and scrutinize underwriting standards further, the banking regulator made good on...
Temporarily extending amortization periods has been a saving grace for many variable-rate mortgage holders as a way to manage the...
Canada’s economy has so far managed to avert recession and shrug off the fastest rate-tightening cycle in the nation’s history....
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.