Liberals To Enable 30-Year Amortization Period On CMHC Insured Mortgages
Canada’s Liberal government has decided that the easiest way to make housing more affordable for Canadians is to extend permitted
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Mortgage Loans
The (Continuing) Growing Mortgage Problem In Canada
In the face of incremental optimism, Canada’s mortgage market grapples with persistent challenges, primarily driven by the potential repercussions of
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OSFI Sticks With Loan-To-Income, Drops Debt-To-Income On Mortgage Underwriting Rules Overhaul
Canada’s primary banking regulator has decided to shelve certain critical proposals designed to strike a balance between safeguarding homebuyers from
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The Growing Mortgage Problem In Canada
Canadian consumers are feeling the pinch of rising interest rates, and Canada’s major banks are gearing up to face the
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“Shock” In Higher Payments: OSFI Warns of Overreliance on Extended Mortgage Amortizations
The Office of the Superintendent of Financial Institutions (OSFI), Canada’s banking regulator, has issued a cautionary statement highlighting the excessive
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OSFI Urges Action On Canadian Mortgage Extensions Before It Becomes “Unmanageable”
Canada’s financial regulator has sounded the alarm on the mounting risks associated with mortgage extensions, urging lenders to take immediate
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CMHC: Mortgage Debt in Canada Surpasses $2 Trillion Amid Economic Headwinds
According to the CMHC’s Residential Mortgage Industry Report, Canada’s residential mortgage debt rose by 6% to $2.08 trillion in January
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Federal Mortgage Rule Change Makes Homebuyers With Good Credit Subsidize Discounts Given To High-Risk Borrowers
A little-noticed change in federal mortgage rules would provide cheaper rates for home purchasers with riskier credit histories while forcing
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OSFI Looks To Tighten Mortgage Underwriting Rules, Opens Public Consultation
The Office of the Superintendent of Financial Institutions (OSFI) launched a public consultation of Guideline B-20 on Residential Mortgage Underwriting
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Romspen Stops Redemptions Altogether As Liquidity Problems Mount
Canadian real estate firm Romspen Investment Corp. has frozen redemptions on its largest fund after a number of borrowers ceased
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