mortgage rules Archives - Mortgage Rates & Mortgage Broker News in Canada

BMO’s mortgage rule change sends a signal about growing economic risks

March 28, 2025 No Comments

The Bank of Montreal (BMO) caused some panic last week when it announced the tightening of its mortgage requirements for self-employed workers in the steel and aluminum sectors.

2024 mortgage market: A year in review

December 31, 2024 No Comments

The past year marked a turning point for Canada’s housing and mortgage market, with rate hikes giving way to rate cuts, alongside numerous regulatory changes and new government program announcements.

EXCLUSIVE: BMO brings back OSFI’s stress test for uninsured mortgage switches

December 19, 2024 No Comments

The excitement over last month’s removal of the stress test for uninsured mortgage switches may have been short-lived—at least for some bank customers.

OSFI’s stress test change sparks industry confusion

November 29, 2024 No Comments

Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most brokers weren’t aware of.

BoC official warns against playing with mortgage rules to make housing affordable

November 6, 2024 No Comments

The Bank of Canada’s senior deputy governor is warning against adjusting mortgage rules to try to make the prospect of homeownership more affordable.

Jason Ellis - President and CEO of First National

First National sees potential gains from recent mortgage rule changes

November 2, 2024 No Comments

In its Q3 earnings report, First National also noted that competitive pressures have led to a year-over-year drop in origination volumes.

Pros and cons of the new federal secondary suite programs

October 28, 2024 9 Comments

Comparing two federal programs to help Canadians build rental suites: a $40,000 loan or a mortgage refinance option

Public perceptions of banking regulator influenced mortgage decision: OSFI head

October 3, 2024 1 Comment

The recent decision by Canada’s banking regulator to relax a mortgage stress test rule was shaped in part by concerns about public perception of the agency, said Office of the Superintendent of Financial Institutions head Peter Routledge.

Federal government releases technical details of its latest mortgage changes

September 24, 2024 2 Comments

As a follow-up to last week’s announcement, the federal government has unveiled a more detailed framework for its updated mortgage rules, which are set to take effect on December 15, 2024.

Mortgage Digest: Bank of Canada raises concerns over economic risks as inflation nears target

September 23, 2024 No Comments

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

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