OSFI, Canada’s banking regulator, announced today it will start phasing out special regulatory capital treatment of deferrals given improving economic... Read More
Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, is calling on lenders and mortgage default insurers to tighten underwriting and qualification standards. Read More
Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers.... Read More
The Department of Finance created shockwaves this week with its announcement that it will be revamping how insured mortgages are... Read More
The federal government announced on Tuesday it will be changing the benchmark qualifying rate used for Canada’s insured mortgage stress... Read More
After six long months of no changes to the big banks’ posted rates, TD Bank broke the ice on Tuesday... Read More
One of Canada’s most vocal advocates for stricter mortgage rules has announced he will be stepping down at the end... Read More
The directive from Prime Minister Justin Trudeau to Finance Minister Bill Morneau on Friday was short and sweet: “Review and... Read More
For the second year, Evan Siddall, President and CEO of the Canada Mortgage and Housing Corporation, attended the National Mortgage... Read More
Residential mortgage growth was down more than 7% in the first half of 2019 compared to a year earlier, likely... Read More