11/29/2024 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most ... More

Real Estate & Mortgage News

  11/25/2024 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders. ... More

Real Estate & Mortgage News

  10/3/2024 | Posted in Mortgage News by Ranjeet Ubhi
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Canada’s banking regulator recently relaxed its mortgage stress test rule partly due to concerns about how the public perceives the agency’s role, according to Peter ... More

Real Estate & Mortgage News

  6/13/2024 | Posted in Government and Regulation by Ranjeet Ubhi
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The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. ... More

Real Estate & Mortgage News

  5/22/2024 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

Real Estate & Mortgage News

  4/16/2024 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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Canadian regulator cracks down on high-debt mortgages to protect borrowers ... More

Real Estate & Mortgage News

  3/22/2024 | Posted in Government and Regulation by Ranjeet Ubhi
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders. ... More

Real Estate & Mortgage News

  12/13/2023 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ... More

Real Estate & Mortgage News

  10/12/2023 | Posted in Home Owners by Ranjeet Ubhi
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Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More

Real Estate & Mortgage News

  9/27/2023 | Posted in Mortgage News by Ranjeet Ubhi
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Canadian banks have approximately $250 billion in mortgages with repayment terms set at 35 years or longer ... More

Real Estate & Mortgage News

  7/26/2023 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Ranjeet Ubhi
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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More

Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Ranjeet Ubhi
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Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks. ... More

Real Estate & Mortgage News

  2/26/2019 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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Ten per cent of Canadians no longer qualify for a mortgage with banks. ... More

Real Estate & Mortgage News

  2/6/2019 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that ... More

Real Estate & Mortgage News

  4/30/2018 | Posted in First Time Home Buyers by Ranjeet Ubhi
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The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More

Real Estate & Mortgage News

  4/5/2018 | Posted in Home Buyers by Ranjeet Ubhi
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The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More

Real Estate & Mortgage News

  12/25/2017 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception. ... More

Real Estate & Mortgage News

  10/20/2017 | Posted in Home Buyers by Ranjeet Ubhi
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The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More

Real Estate & Mortgage News

  10/18/2017 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply.  ... More

Real Estate & Mortgage News

  10/11/2017 | Posted in Mortgages and Real Estate by Ranjeet Ubhi
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A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday. ... More

Real Estate & Mortgage News

  7/7/2017 | Posted in Mortgage News by Ranjeet Ubhi
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New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More

Real Estate & Mortgage News