financial system review

OSFI says mortgage payment shock poses a key risk to Canada’s financial system

May 22, 2024 No Comments

Canada’s banking regulator says high borrowing costs and a wave of expected renewals pose a key risk to Canada’s financial system.

Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

May 19, 2023 4 Comments

The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal.

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financial system review

OSFI says mortgage payment shock poses a key risk to Canada’s financial system

Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada

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