July 4, 2022
Today’s post outlines the mortgage rule changes that OSFI just made to HELOCs and reverse mortgages, and also offers my take on a rising risk that it failed to address.
Posts from the ‘Mortgage Rule Changes’ Category
September 30, 2019
In today’s post I turn my attention to a key issue for voters in our upcoming federal election: housing affordability.
March 25, 2019
Our federal government just released its 2019 budget, and it included several initiatives that were designed to improve housing affordability for Canadians. Today's post offers my take.
November 13, 2017
Today’s post looks at the Canadian mortgage stress-test rate, which has quickly become one of our most important financial benchmarks.
October 23, 2017
Today’s post outlines the mortgage-rule changes that were announced last week and discusses the implications for Canadian borrowers, mortgage rates and house prices.
December 5, 2016
The latest round of mortgage rule changes kicked in last week and lenders wasted no time in adjusting their product offerings, in some cases by adding new rate premiums and in others by pulling products altogether. Today's post answers five key questions relating to these questions.
October 19, 2016
In Part Four, I propose three tweaks that I think our policy makers should make to these latest rounds of mortgage rule changes. Not that they asked mind you - I haven’t found any industry insiders who were consulted before these changes were announced, but here’s hoping they’re open to suggestions and that they read my posts!
October 17, 2016
In today’s post, Part Three, I’ll explain why I support the view that more changes were necessary and I’ll offer my take on the longer-term impacts that these specific changes will have on our borrowers, lenders, and housing markets. Then I’ll close by offering my opinion on whether our policy makers got these changes right.