At TD Securities' annual financial services conference last week, Canada's top bank cop, Peter Routledge, reminded everyone how he's not a fan of fixed-payment variable mortgages. He told the audience, "We’re making changes to capital requirements that 1) ensure both lenders and mortgage

A Department of Finance official confirmed on Friday that the six Canadian Mortgage Charter (CMC) provisions are expectations (she called them "rules") but most won't be regulations. The official wouldn't commit to saying banks had to follow all six rules, but they are "

The Liberals served up their Fall Economic Statement (FES) yesterday and it's got multiple ramifications for mortgage borrowers and lenders. We've taken the liberty to grade our trusty rule makers on each of their mortgage-related moves. The result? A smattering of A's - impressive.

Policymakers have waged a two-pronged attack on fixed-payment variable-rate mortgages. Last week, the BoC's Senior Deputy Governor Carolyn Rodgers came out swinging, telling Bloomberg: “I think you’ll see the industry reflect on how much they want to offer that product. It is concerning. You don’t want