regulations

FSRA revokes licences from 29 brokerages

FSRA strips licences of 29 Ontario mortgage brokerages

April 17, 2024 No Comments

FSRA has revoked the licences of 29 brokers who did not appoint a principal broker, failed to file their 2021 Annual Information Return, or failed to do both.

Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes

April 11, 2024 2 Comments

Advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers.

BC tables legislation to introduce anti-flipping tax

B.C. government targets ‘profiteers’ with legislation to bring in 20% flipping tax

April 4, 2024 2 Comments

British Columbia has tabled legislation to enact a 20 per cent flipping tax on those who sell their home within the first year of ownership.

The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and could only impact a small number of properties. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward The chief economist of the British Columbia Real Estate Association says the incoming tax on flipping houses may not generate as much revenue as the government expects and could only impact a small number of properties. A real estate sign is pictured in Vancouver, B.C., Tuesday, June, 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Real estate association economist doubts B.C.’s flipping tax is worth the trouble

February 26, 2024 No Comments

The chief economist of the British Columbia Real Estate Association says the incoming provincial flipping tax could end up reducing the overall number of homes on the market while only applying to a small number of properties.

“We don’t see vulnerabilities worsening,” OSFI says as it leaves capital buffer for big banks unchanged

December 8, 2023 No Comments

Canada’s banking regulator today announced no change to the amount of capital banks must keep on hand to cover potential future losses.

Several big banks to be impacted by OSFI’s new capital requirements for negative amortization mortgages

November 16, 2023 No Comments

Canada’s banking regulator recently confirmed it will move ahead with new capital requirements for lenders and insurers with negatively amortizing mortgage portfolios.

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.

FSRA strips licences of 29 Ontario mortgage brokerages

Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes

B.C. government targets ‘profiteers’ with legislation to bring in 20% flipping tax

Real estate association economist doubts B.C.’s flipping tax is worth the trouble

“We don’t see vulnerabilities worsening,” OSFI says as it leaves capital buffer for big banks unchanged

Several big banks to be impacted by OSFI’s new capital requirements for negative amortization mortgages

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

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

OSFI seeks to address “problem” of fixed-payment variable-rate mortgages

As economic risks heighten, OSFI raises the amount of capital banks must keep on hand

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