Canada’s Banking Boss to Limit Loans Real Estate Prices to Cool [Video]

#canadianrealestate #OSFI #CanadaInterestRates

Canada’s banking regulator, OSFI, announced that it would be limiting the numbers of high-leverage loans the banks can keep on its books – limiting the buying power brought on by future lower interest rates.

Links:

Canada’s banking regulator OSFI to cap mortgages to highly indebted borrowers:

https://www.theglobeandmail.com/business/article-osfi-mortgages-banks-borrowers/

Canada regulator to cap number of mortgages to highly indebted borrowers:

https://ca.finance.yahoo.com/news/canada-banking-regulator-cap-mortgages-163619422.html

Mortgage borrowing limits and house prices: evidence from a policy change in Ireland:

https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2909~aac6428413.en.pdf

Real estate sector likely relieved after OSFI response on mortgage proposals: expert:

https://www.thestar.com/business/real-estate-sector-likely-relieved-after-osfi-response-on-mortgage-proposals-expert/article_92f8d37f-84e4-5216-8ec4-268404da1256.html

The effect of borrower-specific loan-to-value policies on household debt, wealth inequality and consumption volatility: An agent-based analysis:

https://www.sciencedirect.com/science/article/pii/S0165188922002305#bib0008

Residential Mortgage Industry Data Dashboard:

https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data/residential-mortgage-industry-data-dashboard

Bank regulator proposes new rules to tighten mortgage lending:

https://www.theglobeandmail.com/business/article-industry-react-osfi-tighten-mortgage-eligibility/

Canada’s Bank Regulator Wants Tighter Rules To Address Real Estate Risks:

https://betterdwelling.com/canadas-bank-regulator-wants-tighter-rules-to-address-real-estate-risks/

Real estate sector likely relieved after OSFI response on mortgage proposals: expert:

https://www.bnnbloomberg.ca/real-estate-sector-likely-relieved-after-osfi-response-on-mortgage-proposals-expert-1.1986210

Soaring house prices in Dublin spark fears of new property bubble:

https://www.theguardian.com/business/2014/aug/24/ireland-house-prices-property-bubble-debt

Mortgage Rates:

https://www.rbcroyalbank.com/mortgages/mortgage-rates.html

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

https://www.canadianmortgagetrends.com/2024/03/osfi-rejects-competition-bureau-recommendation-to-drop-mortgage-stress-test-for-lender-switches/

Public consultation on guideline B-20: Residential Mortgage Underwriting:

https://www.osfi-bsif.gc.ca/en/consultations/consultation-summaries/public-consultation-guideline-b-20-residential-mortgage-underwriting

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