Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. The Office of the ...

The Office of the Superintendent of Financial Institutions (OSFI) will no longer require banks to apply the mortgage stress test on borrowers who switch lenders if they are simply renewing their ...

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Canada’s banking regulator will no longer require banks to apply the mortgage stress test to borrowers planning to switch lenders. The Office of the Superintendent of Financial Institutions ...

Mortgage trends for 2024 Here are the current mortgage interest rates and their projected course for the rest of the year. As of September 30, the average annual percentage rate (APR) for a 30 ...

In March, the federal Competition Bureau weighed in, saying that those with uninsured mortgages should be able to switch between federally regulated financial institutions without being subjected ...

Jordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's ...

18 cut of its benchmark rate means mortgage rates are now likely to dip as well (more on that later). Still, choosing the best mortgage refinance lender is critical. The right lender can help you ...

Given the high cost of homebuying, a mortgage is necessary for the vast majority of aspiring homeowners. And finding the right lender can make the difference of thousands of dollars — or even ...

Rates are an incredibly important factor in securing a mortgage, but other considerations must also be made to ensure that your loan meets your long-term needs. The posted rate is the rate that a ...

The mortgage-stress test was introduced in 2018, aimed at slowing both house-price growth and consumer debt levels. The goal is to ensure prospective buyers would be able to afford interest ...

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