OSFI changes

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.

OSFI seeing a deterioration in credit quality, says borrowers to face challenges at renewal

October 12, 2023 No Comments

Canada’s banking regulators says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a deterioration in certain credit quality.

OSFI proposes capital requirement changes for lenders and mortgage insurers to address mortgage risk in Canada

July 11, 2023 No Comments

Canada’s banking regulator today unveiled proposed changes to the capital requirements that would impact the country’s lenders and mortgage insurers.

Critics say OSFI’s proposed mortgage changes could do more harm than good

May 4, 2023 No Comments

While OSFI’s proposed underwriting changes announced in January were presented as an effort to control market risk, critics say the regulator risks overtightening a market that is already in decline.

Brokers question timing of OSFI’s proposed rule changes

January 16, 2023 4 Comments

Some in the industry are openly questioning the timing behind OSFI’s proposed underwriting changes.

OSFI proposes new mortgage restrictions

January 12, 2023 3 Comments

Canada’s banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period.

OSFI leaves mortgage stress test unchanged

December 15, 2022 1 Comment

Canada’s banking regulator confirmed today it will leave the mortgage stress test for uninsured mortgages unchanged.

Insured and Uninsured Mortgage Stress Test Changes Confirmed for June 1

May 21, 2021 4 Comments

Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage.

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.

B-20 Bombshell

July 11, 2017 5 Comments

Following Ottawa’s landscape-changing insurance rules last fall, the Department of Finance has raised little concern about the prime uninsured mortgage market, at least publicly. Nor should it—at least with respect to