Canada’s nearly $2 trillion mortgage market has been shaken up by the central bank’s interest rate hikes, with many homeowners only able to make interest payments, resulting in their mortgage repayment terms getting longer
Canada's nearly $2 trillion mortgage market has been shaken up by the central bank's interest rate hikes, with many home owners only able to make interest payments.
Canada s banking regulator says lenders will need to hold more capital as mortgage balances grow kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
In a statement issued by the Superintendent
released on July 13, 2020, OSFI signalled a gradual restart of
OSFI s policy development work in the fall of 2020. On August
31, 2020, OSFI announced in a series of letters issued to industry that it
would unwind certain of the temporary measures put in place at the
beginning of the pandemic, including a gradual phaseout of the
special capital treatment of loan and insurance premium payment
deferrals that was provided to banks and insurers.
On December 12, 2020, OSFI announced that the domestic stability buffer
would remain at one per cent of total risk-weighted assets, stating
that DSB reduction in March continues to be effective and