Jessi Sandhu - Your Brampton Real Estate Agent
OSFI News and Articles | My Blog

Bank regulator changes rules for mortgage deferrals starting now

8/31/2020 | Posted in Canada Living by Jessi Sandhu

commercial-building-high-rise-257.jpg - Real Estate News Canada's federal banking regulator is phasing out requirements around mortgage deferrals for homeowners hard-hit financially by the COVID-19 pandemic. As of July 30, there ... More


Canadian reverse mortgage debt reaches nearly $4 billion

1/28/2020 | Posted in Financial Health by Jessi Sandhu

debt-payment-463.jpg - Real Estate News 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 Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News 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. ... More


OSFI increases domestic buffer to 2% amid household debt risk

6/6/2019 | Posted in GTA Real Estate by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News 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. ... More


Regulator OSFI opens door to easing Canadian mortgage rules

2/6/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News 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 that ... More


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

4/30/2018 | Posted in First Time Home Buyers by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News 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 Jessi Sandhu

home-buyer-search-126.jpg - Real Estate News 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 Jessi Sandhu

marketing-analysys-104.jpg - Real Estate News It’s almost a tradition that Canada’s mortgage czars clamp down on housing in the new year, and 2018 is no exception. ... More


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

10/20/2017 | Posted in Home Buyers by Jessi Sandhu

real-estate-sign-27.jpg - Real Estate News 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 Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News 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.  ... More


Proposed mortgage stress test unnecessary and harmful: Fraser Institute

10/11/2017 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday. ... More


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

7/7/2017 | Posted in Mortgage News by Jessi Sandhu

mortgage-cloud-44.jpg - Real Estate News 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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