11/29/2024 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most ... More

Real Estate & Mortgage News

  11/25/2024 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

Effective Thursday, uninsured bank borrowers no longer need to show they can afford a higher rate when switching lenders. ... More

Real Estate & Mortgage News

  10/3/2024 | Posted in Mortgage News by Kit Blott
  SHARE

Canada’s banking regulator recently relaxed its mortgage stress test rule partly due to concerns about how the public perceives the agency’s role, according to Peter ... More

Real Estate & Mortgage News

  6/13/2024 | Posted in Government and Regulation by Kit Blott
  SHARE

The head of Canada’s banking regulator stood firm in rejecting renewed calls to remove the mortgage stress test on uninsured mortgage switches. ... More

Real Estate & Mortgage News

  5/22/2024 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew. ... More

Real Estate & Mortgage News

  4/16/2024 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

Canadian regulator cracks down on high-debt mortgages to protect borrowers ... More

Real Estate & Mortgage News

  3/22/2024 | Posted in Government and Regulation by Kit Blott
  SHARE

Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders. ... More

Real Estate & Mortgage News

  12/13/2023 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged. ... More

Real Estate & Mortgage News

  10/12/2023 | Posted in Home Owners by Kit Blott
  SHARE

Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More

Real Estate & Mortgage News

  9/27/2023 | Posted in Mortgage News by Kit Blott
  SHARE

Canadian banks have approximately $250 billion in mortgages with repayment terms set at 35 years or longer ... More

Real Estate & Mortgage News

  7/26/2023 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More

Real Estate & Mortgage News

  1/28/2020 | Posted in Financial Health by Kit Blott
  SHARE

Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More

Real Estate & Mortgage News

  6/11/2019 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices. ... More

Real Estate & Mortgage News

  6/6/2019 | Posted in GTA Real Estate by Kit Blott
  SHARE

Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks. ... More

Real Estate & Mortgage News

  2/26/2019 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

Ten per cent of Canadians no longer qualify for a mortgage with banks. ... More

Real Estate & Mortgage News

  2/6/2019 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that ... More

Real Estate & Mortgage News

  4/30/2018 | Posted in First Time Home Buyers by Kit Blott
  SHARE

The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More

Real Estate & Mortgage News

  4/5/2018 | Posted in Home Buyers by Kit Blott
  SHARE

The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More

Real Estate & Mortgage News

  12/25/2017 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception. ... More

Real Estate & Mortgage News

  10/20/2017 | Posted in Home Buyers by Kit Blott
  SHARE

The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More

Real Estate & Mortgage News

  10/18/2017 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply.  ... More

Real Estate & Mortgage News

  10/11/2017 | Posted in Mortgages and Real Estate by Kit Blott
  SHARE

A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday. ... More

Real Estate & Mortgage News

  7/7/2017 | Posted in Mortgage News by Kit Blott
  SHARE

New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More

Real Estate & Mortgage News
Ask Kit Blott

Thinking of buying or selling a property, or have a question regarding the real estate market? Fill out the form below and I'll get back to you promptly.