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 ...

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 ...

This change will make it easier for borrowers to switch lenders at renewal without having to prove they can afford their mortgage at a higher rate. The stress test, introduced in January 2018 under ...

Israeli troops crossed the border for the first time since 2006 in a ground operation targeting Hezbollah. The Israeli military called for evacuations in southern Lebanon. As a Crisis Builds ...

More than three-quarters of homebuyers took out a mortgage to finance their purchase in 2023, according to the National Association of Realtors. There's an army of lenders out there ...

Mortgage trends for 2024 Here are the current mortgage interest rates and their projected course for the rest of the year. As of September 27, the average annual percentage rate (APR) for a 30 ...

The aid, including cuts to mortgage curbs and costs - coupled with promises of more to come - has helped Chinese stock markets to their best monthly performance since December 2014. Not so bright ...

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 ...

With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...

“When consumers renew their mortgages, their ability to switch to a competitive mortgage offer is critical to ensure they ...

In March, Canada's Competition Bureau recommended allowing uninsured mortgage borrowers to switch between banks without undergoing a stress test, saying the policy was "not applied evenly." ...