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.
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April 12, 2021
Last updated on April 12, 2021
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Last week we learned that our banking regulator (OSFI) will increase the stress-test rate for uninsured mortgages on June 1. This post offers my take.
February 10, 2020
Last updated on February 10, 2020
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Last week TD Bank lowered its posted five-year rate to 4.99%. TD’s move by itself isn’t enough to drop the stress-test rate. Other Big Six banks will need to follow. That’s where this gets interesting.