OSFI under pressure by banks, industry lobbyists to ease mortgage stress test: sources

by Ray Kar, Feb 7, 2019 In January 2018, The Office of the Superintendent of Financial Institutions (OSFI), Canada’s main financial regulator, introduced mortgage stress testing for almost all mortgages issued by Federally regulated financial institutions.   The test requires banks to test borrowers’ ability to repay mortgages at an interest rate 200 basis points above... Continue Reading →

Ford Government to Eliminate Rent Controls on Newly Build Rental Housing

**Revival Insight-key takeaway**: by Ray Kar, November 29, 2018 The Ford government has eliminated rental controls on newly constructed rental housing.  According to the Minister of Housing Steve Clark, “Exempting new units from rent control will encourage large developers and small landlords to create more housing”...  ..."“We want units built and that’s how we’re going... Continue Reading →

Proudly powered by WordPress | Theme: Baskerville 2 by Anders Noren.

Up ↑