Canada’s financial regulator has sounded the alarm on the mounting risks associated with mortgage extensions, urging lenders to take immediate action. Following a surprise rate hike by the Bank of Canada, many borrowers are grappling with increased mortgage costs, necessitating swift measures from financial institutions. The Office of the Superintendent of Financial Institutions (OSFI) emphasized … Continue reading OSFI Urges Action On Canadian Mortgage Extensions Before It Becomes “Unmanageable”