Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), is planning to toughen up borrowing requirements for some mortgage applicants.
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The latest batch of economic data – the final report before next week’s Bank of Canada announcement – is now in, and it offers optimism that …
Read articleThe federal government released its Fall Economic Statement on Tuesday, and, like in previous iterations, affordable housing and mortgage relief …
Read articleCanada’s banking regulator has not been shy in the past about voicing its concern over variable-rate mortgages with fixed payments, a mortgage product where a borrowers’ payment remains the same, even as the Bank of Canada increases its benchmark rate.
Read articleThe latest snapshot of Canada’s economic growth was released this morning, bolstering rationale that the Bank of Canada will continue to hold rates over the coming month.
Read articleMemo 1: Many Canadians are experiencing mortgage regret Steadily rising interest rates over the last 18 months have put the financial squeeze …
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