Government and Regulation Archives - Page 2 of 31 - Mortgage Rates & Mortgage Broker News in Canada

OSFI launches public consultation on capital adequacy rules

February 20, 2025 No Comments

Canada’s banking regulator has launched a 60-day public consultation on updates to capital adequacy guidelines, aiming to strengthen the financial stability of Canada’s banks.

Federal government delays capital gains tax increase until 2026

January 31, 2025 No Comments

The federal government announced today it will defer the implementation of its planned increase to the capital gains inclusion rate, pushing back the originally scheduled date from June 25, 2024, to January 1, 2026.

Lenders slow to roll out secondary suit refinancing program

Big banks slow to roll out secondary suite refinancing program despite January 15 launch

January 31, 2025 3 Comments

Canadian Mortgage Trends has learned that only a few major lenders are currently accepting applications for the federal government’s secondary suite refinancing program.

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 holds domestic stability buffer at 3.5%, cites stable but lingering risks

December 17, 2024 No Comments

Canada’s banking regulator announced no change to the amount of capital banks must keep on hand to cover potential future losses.

Housing initiatives take centre stage in Fall Economic Statement amid political turmoil

December 16, 2024 No Comments

It was a dramatic day in Ottawa as Finance Minister Chrystia Freeland resigned from cabinet just hours before she was scheduled to deliver the government’s Fall Economic Statement (FES).

Minister of Housing, Infrastructure and Communities Sean Fraser

Liberal Housing Minister Sean Fraser says he won’t seek re-election

December 16, 2024 No Comments

Housing Minister Sean Fraser says he will not be running in the next federal election, citing family reasons.

New mortgage rules take effect today; more may be coming on Monday, economist says

December 14, 2024 No Comments

Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

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.

Poilievre asks provinces to scrap sales taxes on new homes

Poilievre asks premiers to axe their sales taxes on new homes worth under $1 million

November 4, 2024 No Comments

Conservative Leader Pierre Poilievre has written to the provinces’ premiers, asking them to eliminate their sales taxes on new homes that are under $1 million.

Government and Regulation