Mortgage regulation

The federal government is reviewing the distribution of risk in Canada’s housing finance system and considering risk sharing for mortgage lenders.

Over the past few years many Canadians considered breaking their mortgages early to take advantage of lower interest rates, but were faced with expensive and complicated penalties to do so. These high refinance penalties may still … Read More

Today Finance Minister Jim Flaherty announced three major changes to take effect on the Canadian housing market in the coming months. Concerns over rising debt levels, which reached 146% of personal disposable income per average Canadian … Read More

On the heels of recent reports that Canadian consumer debt is at an all-time high – surpassing US levels for the first time ever, and exceeding $1 trillion overall – financial regulators are warning tighter mortgage … Read More