ℹ️Reader note: Due to the holiday, the latest Amortization Simulator will be available Tuesday evening, once we receive the latest forecast curve data from CanDeal DNA. Today's Mortgage Bytes follow below. Canada's banking watchdog is increasingly nervous about lender exposure to commercial real estate (CRE)

Banks across the land have been notifying customers of changes to their #readvanceable# mortgages. Some of these notices appear written to create mass confusion. We've talked to a sampling of customers who got these letters and swore they were reading an alien dialect. Many are utterly bewildered by

Canada would be better off if pesky variable-rate mortgages with fixed payments were "less prevalent," says our banking regulator. Oftentimes, when rates surge, their "fixed payments do not cover the interest payments and mortgage principal outstanding grows," said Superintendent Peter Routledge in a keynote speech at

WealthOne Bank of Canada is one of the most competitive near-prime lenders. So, it was concerning to hear that it's under Finance Minister Chrystia Freeland's microscope. Her scrutiny of the company was reported by the Globe this weekend. In a nutshell, the DoF made the company