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

Public perceptions of banking regulator influenced mortgage decision: OSFI head

October 3, 2024 1 Comment

The recent decision by Canada’s banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, said Office of the Superintendent of Financial Institutions head Peter Routledge.

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.

OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches

March 22, 2024 1 Comment

Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders.

Brokers react to the government’s “nonsense” mortgage charter

November 29, 2023 2 Comments

The Liberal government last week unveiled a “new” Canadian Mortgage Charter aimed at ensuring lenders offer relief to mortgage borrowers who are struggling to make their payments.

Surprise at news about insured mortgage switches

OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches

October 20, 2023 No Comments

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.

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.

stress test

Public perceptions of banking regulator influenced mortgage decision: OSFI head

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

OSFI doubles down on keeping stress test for uninsured mortgage switches

OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches

Brokers react to the government’s “nonsense” mortgage charter

OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches

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

Canada’s mortgage stress test: Obsolete or still doing its job?

OSFI says mortgage amortization extension “not without risks”

Is Canada’s mortgage stress test still relevant?

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