The fallout from OSFI’s new mortgage stress test continues to play out across the mortgage industry. Some mortgage brokers are reporting an increase in their clients’ applications being rejected by the big banks and monoline lenders as a result of the new qualification rules. In some cases, the rejection rate has jumped 20%.
Zaina al-Hilli, who was shot in the shoulder and severely beaten, emerged on Sunday from a medically-induced coma and was travelling from France back to Britain, where the family lived, Surrey Police.
Tara Singh Hayer, founder of the Indo-Canadian Times, was assassinated in Surrey, B.C. in 1998. He had been an outspoken critic of Sikh separatist extremism, and had been trying to help bring to.
The new stress test rules don’t apply to mortgage renewals as long as they are with the borrower’s existing lender. The 2018 Canadian mortgage rules were put out in draft form in July 2017. Critics of the regulations have said it will put a chill on an already cooling Canadian real estate market.
It was the first snow of the season for many in the Lower Mainland
SURREY, B.C. – The RCMP made two arrests on Friday in connection to the death of a young Surrey, B.C. woman in 2017 whose body was found in a burned-out vehicle. Twenty-four-year-old Gurvind June.
CMHC says canadian debt levels hit record highs at end of last year.. ‘I would frown upon it’: Poloz on calls to loosen mortgage rules. cmhc ceo defends mortgage stress test changes amid calls for loosening rules.
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Backgrounder. CMHC also develops its own stress testing cases for business planning purposes. The Minimum Capital Test (MCT) is the ratio of capital available to capital required. Below 100% MCT, an insurance company may no longer be allowed to write new business. A level below 0% MCT indicates insolvency.
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cmhc ceo defends mortgage stress test changes amid calls for loosening rules imf warns easing Canada’s housing rules would be ‘ill-advised’ Vancouver’s dirty money figures: The smoking gun that wasn’t
Tougher stress-testing hits CMHC mortgage insurance volumes. cmhc does not break out its business volumes by region, but said Ontario accounted for 33.6 per cent of national home buyer loans insured in the third quarter this year, down from 36.4 per cent in the same quarter last year.