Tag: Canadian Mortgage

  • Canadian Banks Begin Circumventing Mortgage Stress Test

    Canadian Banks Begin Circumventing Mortgage Stress Test

    A new mortgage stress test? Don’t bother me with those peasant details. After Canada’s property bubble attracted global criticism, they announced tighter mortgage lending. On April 8, the Office of the Superintendent of Financial Institutions (OSFI) said they would make the stress test harder. By the following Monday, the first bank launched a pilot mortgage…