Ever since OSFI revealed to the mortgage industry that it's possible to qualify an insured switch at the contract rate, lenders have been tripping over themselves to adopt the policy. That's good news for non-deposit-taking lenders, like mortgage finance companies, which typically lead the pack on

It turns out nine months is not only enough time to make a baby, it's enough time to answer regulatory feedback. After three quarters of nail-biting anticipation, Canada's bank regulator has replied to feedback on the B-20 mortgage guidelines it proposed in January. For those new

On Thursday, Canada's banking watchdog decided to throw some light on its looming mortgage policy changes. OSFI hinted that one major mortgage underwriting restriction may not come to pass after all. If that proves true, the mortgage industry could breathe a bigger sigh of relief than a politician

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)