4/12/2024 | Posted in Government and Regulation by Russell Pearsall
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The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

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Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

  4/11/2024 | Posted in Government and Regulation by Russell Pearsall
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Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain homebuyers, but say expanding the policy to all Canadians ... More

Ottawa to allow 30-year amortization for first-time buyers' mortgages on new homes

  4/2/2024 | Posted in Government and Regulation by Russell Pearsall
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Prime Minister Justin Trudeau is pressuring Canada’s provinces to remove barriers to building more housing, including requiring them to freeze municipal development ... More

Trudeau offers billions to boost homebuilding - with strings attached

  3/22/2024 | Posted in Government and Regulation by Russell Pearsall
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Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders.

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OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches
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