OSFI

• Mortgage stress test to remain unchanged in Canada

  The stress test for both insured and uninsured mortgages in Canada remains unchanged, the country's banking regulator and finance minister confirmed.

  Money

  Dec 12, 2023
  
• Canada’s big banks have enough reserves to weather vulnerabilities, OSFI says

  Canada's banking regulator says it's leaving the domestic stability buffer unchanged, arguing the country's biggest banks have enough reserves on hand to handle possible losses.

  Economy

  Dec 8, 2023
  
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• Canadian lenders should set aside more capital as mortgage risks mount: regulator

  Canada's nearly $2 trillion mortgage market has been shaken up by the central bank's interest rate hikes, with many home owners only able to make interest payments.

  Economy

  Oct 20, 2023
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• Stretching mortgage amortizations could cost you more than you think

  Extending mortgage amortization is a common way for lenders to offer relief to struggling consumers, but the strategy could cost homeowners more in the long run, experts say.

  Consumer

  Jul 8, 2023
• Canada’s banking watchdog raises key buffer for banks amid economic fears

  The Office of the Superintendent of Financial Institutions raised a key capital buffer for Canada's biggest lenders ahead of what it said were growing economic risks.

  Economy

  Jun 20, 2023
• Housing market downturn a top risk to Canada’s financial system, regulator says

  A potential housing market downturn and adjusting to interest rate increases are among the biggest risks to Canada's financial system, the country's financial regulator said.

  Economy

  Apr 18, 2023
• Banking regulator launching consultations on mortgage stress test as debt risks rise

  OFSI says that while the mortgage stress test has been helpful, more measures might be needed to reduce lending risks as debt-service levels surge.

  Economy

  Jan 12, 2023
• Higher credit requirements manageable amid rising economic risks, bank CEOs say

  Canadian bank CEOs say they're able to adapt to the higher credit requirements the banking regulator has set in response to rising economic vulnerabilities.

  Economy

  Jan 9, 2023
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• Mortgage stress test remains unchanged. What that means amid higher interest rates

  The regulator in charge of Canada's mortgage stress test announced Thursday it will leave the qualifying standard where it is amid current high rates and economic uncertainty.

  Economy

  Dec 15, 2022
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• Canada’s banking regulator tightening some real estate loan rules amid rising rates

  Canada's banking regulator is tightening requirements for some types of real estate loans to protect homeowners who may be at greater risk from higher interest rates.

  Canada

  Jun 28, 2022