Keyword
OSFI
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Banking regulator’s revised guidelines include financial stress test on buyers
Canada’s banking regulator has published the final changes to its guidelines for residential mortgages aimed at taking some of the risk out of the market, including a new stress test for buyers who don’t need mortgage insurance. The Office of…
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Fraser Institute: OSFI’s proposed mortgage stress test is unnecessary, harmful
TORONTO – A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday. Study author Neil Mohindra wrote the proposed stress test “will do more harm than…
