mortgage rules

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.

Why mortgage brokers should know prepayment penalty calculations inside and out

March 17, 2023 No Comments

All mortgage brokers should have a comfortable working knowledge of how prepayment penalties are calculated and applied.

Is Canada’s mortgage stress test still relevant?

August 21, 2022 2 Comments

Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada’s stress test are overdue.

Mortgage stress test impacting qualification amounts

How the mortgage stress test is impacting qualification amounts

June 20, 2022 No Comments

As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of

Homebuyers to Face More Stringent Mortgage Stress Test After June 1

April 8, 2021 13 Comments

Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages.

Scheer Would Scrap Stress Test on Switches, Consider 30-Year Amortizations

May 13, 2019 1 Comment

A Conservative win in the October federal election would mean an end to stress testing mortgage switches, as well as additional measures aimed at improving

Latest in Mortgage News – More Research on Stress Test Impacts

May 3, 2019 No Comments

The stress test continues to be the focus of much research, with new data released recently on the full extent of its impacts on the

The Latest in Mortgage News: Time to Rethink the Stress Test

April 18, 2019 No Comments

The stress test is back in the crosshairs of industry analysts. Earlier this week, CIBC World Markets Deputy Economist Benjamin Tal released a report that

Impacts of the Stress Test

March 26, 2019 3 Comments

There’s been a lot of talk about the government’s mortgage stress test recently—particularly since it was left untouched in last week’s federal budget, despite high

Mortgage Industry Reacts to Liberal Budget

March 21, 2019 6 Comments

Hoping for minor tweaks to the mortgage stress test, the Liberal government’s 2019 budget instead left many in the industry underwhelmed and with more questions