Prospective home owners may see their affordability shrink as another set of mortgage rules are slated to go into effect this summer. Here’s what buyers need to know.
Alternative Online Lenders are growing in popularity as steeper mortgage rules prevent some would-be buyers from getting traditional loans. Here’s what you need to know about them.
It’s a season of change for finances as new mortgage and credit card rules come into play. Here’s what you need to know, along with the week’s top headlines.
Mortgage rules B-21 and B-20 received an update this week, as OSFI introduced changes that target income assessment and assets for borrowers. Could this limit your ability to qualify for a mortgage? Read on for the full story.
What is a credit union, and how does it differ from a traditional bank? Should you use the services of a credit union for your mortgage, savings or investing? Read on to learn more about credit unions vs banks.
Attention home buyers: A new round of restrictions has been proposed for the insurers of high-ratio mortgages. Called OSFI B21, they could impact your ability to buy. Here’s what you need to know.
Recent data released by the 2011 National Household Survey shows one quarter of Canadians are spending more than they can afford on their housing. Condos continue to the the choice option for the first time buyer segment, and speculation grows over a new round of mortgage rule changes.
A BMO survey finds half of Canadians are looking to buy a home despite tough housing affordability restrictions.
OSFI, the national bank regulator, has deemed six of Canada’s largest lenders as “too big to fail”. What does this mean for banking consumers – and what measures are being put in place to protect our banks in case of another national recession?
OSFI has released their final draft guidelines on mortgage underwriting principles. Expected to be in full compliance by the end of the 2012/13 fiscal year, the guidelines are targeting the borrowing capacity of mortgage seekers, establishing sound appraisal processes as well as effective credit and risk management measures.