Monetary Policy has been pretty good at getting reducing mortgages above 4.5x income. OSFI plans to get each line in this this chart to 0 as rates come down. Pretty wild honestly.

#OFSI OSFI needs to investigate this charge.
cbc.ca/news/gopublic/…

OSFI announces new stress test for uninsured mortgages mpamag.com/ca/news/genera… samuelhorsman.ca | [email protected] | 902-638-8708 | Canadian Mortgage Professional Magazine #mortgagenews

Denise Brown RE/MAX Whistler BC Canada And starting Q1 next year, OSFI guarantees lower prices
Crazy to buy now

OSFI has introduced new restrictions on how much debt federally regulated banks can extend. Banks will be restricted in # of new mortgages they can issue that exceeds 4.5x a borrower’s income. Will set tailored limits for each bank on the % of new loans that can surpass threshold

Ben Rabidoux Most of FINTRAC’s time is spent figuring out how to download lawyers, OSFI, Banks, RCMP, legislators, and their own responsibilities onto Realtors (sales people). So at least they have a whipping boy for when public anger boils over again.

This is the kind of thing I was talking about here. Seems a pretty substantial (if gradual) shift away from sectoral regulation under OSFI towards consumer-protection regulation under the FCAC.
theglobeandmail.com/business/artic…

A catastrophically stupid take that IS disinformation. The idea that the provinces have jurisdiction over monetary policy, federal fiscal policy, immigration, OSFI, and taxation is absurd. Let alone the wildly different policies of provincial governments.

cbcwatcher Isn’t that akin to putting prayer mats inside the banks front door? Seriously. Why should/would the OSFI even consider this?

OSFI announces new stress test for uninsured mortgages ift.tt/tZwXRBk ift.tt/IlyaSRH

Amazing Zoltan While OSFI, is restricting mortgage lending. Our PM is providing a false hope that the stress test doesn’t make sense.

The new OSFI cap on mortgages to highly indebted borrowers, coming in 2025
housing-trends.com/agent-news/jee…
Contact me to discuss the latest scoop in real estate! #langley #abbotsford

The Office of the Superintendent of Financial Institutions will begin tracking and limiting how many highly leveraged borrowers banks have on their mortgage books. The test will not apply to individual borrowers, but to each bank’s mortgage portfolio.
calgaryherald.com/fp-finance/ban…

Malcolm Twizzle MapleLeaf1 Expensive housing is a double edged sword, made many rich. OSFI just made it a lot harder to borrow for investment properties, wasn't publicized but will damper buying. Policies are happening. Healthcare will improve. It's a bad time but a scorched earth mentality isn't helping.

Ian Runkle/Runkle of the Bailey @ YouTube For all intents and purposes, Canadian banks are an extension of the government. They will comply. They don't want OSFI breathing down their corporate necks.

Dont u see someone’s art and you’re like I want to be them

Daniel Foch OSFI said overall portfolio will be tested to ensure entire book is not > 4.5x income. You're comparing apples to oranges. There will still be people getting mortgages with > 4.5x income. There just will be (possibly) fewer of them.

Daniel Foch Yes but to the limit of x4.5 annual income as per new OSFI rules!

The Chief Actuary Assia Billig presented scenario analyses on how #ClimateChange impacts the Canada Pension Plan.

Thank you to the Institute for governance of private and public organizations for having us!

#SocialSecurity

Martyupnorth®- Unacceptable Fact Checker BVCU outright refused to freeze any accounts regarding trucker donations. They were asked to , but disregarded it as they aren’t governed by OSFI which is the Feds. They report to CUDGC, here in Alberta, and The Feds have no oversight to them