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Paul DeAdder | Real Estate Sales Representative Serving 
Halifax & Surrounding Area | Sutton City Realty Inc., Brokerage

osfi News and Articles | My Blog

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

3/22/2024 | Posted in Government and Regulation by Paul DeAdder

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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.

... More


Latest in Mortgage News: OSFI leaves stress test rate unchanged

12/13/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canada’s banking regulator confirmed it will leave the mortgage stress test for uninsured mortgages unchanged.

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OSFI seeing a deterioration in credit quality, says borrowers to face challenges at renewal

10/12/2023 | Posted in Home Owners by Paul DeAdder

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Canada’s banking regulator says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a ... More


Banking regulator working with lenders to stamp out ultra-long mortgages

9/27/2023 | Posted in Mortgage News by Paul DeAdder

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Canadian banks have approximately $250 billion in mortgages with repayment terms set at 35 years or longer

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What impact might OSFI's new proposals have on borrowing costs?

7/26/2023 | Posted in Mortgages and Real Estate by Paul DeAdder

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The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise.

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Canadian reverse mortgage debt reaches nearly $4 billion

1/28/2020 | Posted in Financial Health by Paul DeAdder

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Despite a decelerating pace of borrowing, Canadian seniors still pushed the nation’s reverse mortgage debt balance towards yet another ... More


Regulator defends mortgage stress test in face of pushback from industry

6/11/2019 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canada’s top federal banking regulator says a stress-test for uninsured mortgages is “working,” but that it is still keeping an eye on lending practices.

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OSFI increases domestic buffer to 2% amid household debt risk

6/6/2019 | Posted in GTA Real Estate by Paul DeAdder

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Canada’s banks will have to set aside a larger share of their capital to protect against downturns in lending and other potential financial risks.

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Regulator OSFI opens door to easing Canadian mortgage rules

2/6/2019 | Posted in Mortgages and Real Estate by Paul DeAdder

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Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility ... More


OSFI stress test has cut millennial purchasing power by $40K

4/30/2018 | Posted in First Time Home Buyers by Paul DeAdder

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The home-purchasing power of ‘peak millennials’ aged 25-31 has diminished by around $40,103 (16.5%) since the introduction of the OSFI stress test at the start of ... More


Millennials to lead the charge in a future surge of home purchases

4/5/2018 | Posted in Home Buyers by Paul DeAdder

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The results of a fresh study conducted by Royal Bank of Canada showed that fully 32% of Canadians are likely to buy a home in the next two years (up by 7% from last ... More


Longer amortizations and higher costs: Our mortgage outlook for 2018

12/25/2017 | Posted in Mortgages and Real Estate by Paul DeAdder

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It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception.

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Stress test to hit 'move-up' home buyers the hardest

10/20/2017 | Posted in Home Buyers by Paul DeAdder

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The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More


OSFI says stress test, lending rule changes will start Jan 1, 2018 - Industry Reactions

10/18/2017 | Posted in Mortgages and Real Estate by Paul DeAdder

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OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. 

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Proposed mortgage stress test unnecessary and harmful: Fraser Institute

10/11/2017 | Posted in Mortgages and Real Estate by Paul DeAdder

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A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.

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Proposed mortgage rules aim to reduce financial risk in Canada's hot housing markets

7/7/2017 | Posted in Mortgage News by Paul DeAdder

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New rules proposed by the federal government to curb financial risks associated with the country's hot housing markets could make it more difficult to secure a ... More


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