Banking regulator launches consultations on mortgage rules, proposes additions

Stricter rules around qualifying for a mortgage could be coming as Canada’s banking regulator seeks feedback on several proposals to limit the number of overstretched borrowers.
The proposals out Thursday from the Office of the Superintendent of Financial Institutions (OSFI) come as part of the first stage of a wide-ranging review of the B-20 mortgage underwriting rules the regulator is conducting this year.

Click here to read more