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Tag Archives: mortgage

OSFI takes aim at banks’ residential mortgage capital requirements to keep pace with rising house prices, household debt

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TORONTO Canada’s top banking regulator is planning to change the amount of capital banks must hold against residential mortgages to keep up with the rapid rise in house prices and highly leveraged buyers in some markets. Observers said the move, together with an announcement Friday by the federal government to …

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Mortgage growth expected to slow as Canadian banks assume more risk

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It’s going to get more expensive for Canadian banks to do business in the country’s housing market as the government seeks to limit its exposure to surging home prices and the risk of default. The Office of the Superintendent of Financial Institutions, which oversees federal banks and insurers, is seeking …

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Mortgage broker Dominion Lending Centres to acquire Mortgage Architects

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Two of Canada’s large mortgage brokerage firms are joining forces.  In a deal announced Monday, Dominion Lending Centres said it is acquiring Mortgage Architects.  The combined firms have 4,800 accredited mortgage professionals, and a total of $32 billion in annual mortgage volume, translating to more than 100,000 individual mortgages per …

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Why homeowners and buyers can expect more mortgage rate hikes from the big banks

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Falling government-bond yields are usually good for homeowners in Canada because mortgage rates tend to follow suit. Not this time. Three of Canada’s biggest lenders have raised mortgage rates and more increases are expected as new regulations, a weak economy and higher costs prevent banks from capitalizing on lower borrowing …

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