The Canadian mortgage market may face a meaningful slowdown in 2018 – potentially leading to some price relief for buyers in hot housing markets like Vancouver and Toronto, but also possibly causing some pain for alternative lenders – and rising interest rates aren’t the only culprit. New proposals for tighter mortgage underwriting standards (B-20 guidelines)
New rules proposed by the federal government to curb financial risks associated with the country’s hot housing markets could make it more difficult to secure a mortgage. The Office of the Superintendent of Financial Institutions’ new guidelines proposed Thursday include stress tests for uninsured mortgages — loans secured with a deposit of at least 20 per cent on the value of
Almost a year after British Columbia brought in a 15-per-cent tax on foreign buyers in Greater Vancouver, the detached housing market in Canada’s most expensive city for housing continues to show limited price growth. But while detached price gains continue to be mostly flat, the overall market for housing in Greater Vancouver does show signs
