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
It might be hard for residents of Canada’s most expensive cities to imagine, but real estate actually became more affordable in several major Canadian housing markets this past quarter, suggests the latest Housing Affordability Monitor from National Bank. “Yet again this quarter, there is still a significant divergence across regions with no less than 6
