Critics say OSFI’s proposed mortgage changes could do more harm than good
Home prices won’t revert to pre-pandemic levels, should start rising again in 2024: CMHC The Canada Mortgage and Housing Corporation (CMHC) expects home prices to reach a bottom this year, but aren’t expected to fall below pre-pandemic levels.
Interest rates expected to fall to 3.00% by end of 2024 The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants.
The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI
The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI
Advertorial By:Glasslake Funding As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure. With diversified funding as an option for credit-worthy borrowers, brokers can act as a beacon of hope, navigating a […]
As the winds of change sweep across the lending landscape, regulatory underwriting guidelines are growing ever tighter. This puts non-bank clients in a precarious position, and mortgage brokers are feeling the pressure.
OSFI considering the need for additional regulations on existing mortgages
OSFI considering the need for additional regulations on existing mortgages
The latest in mortgage news: National Bank among first to offer First Home Savings Account National Bank has become one of the first of the big banks to make the new First Home Savings Account (FHSA) available to its clients.