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Mortgage Changes May Accelerate Canadian Property Bubble, Not Helpful: Big Six Banks

Canadian banks have begun to weigh in on new mortgage changes, and they aren’t optimistic. Earlier today, the Office of the Superintendent of Financial Institutions (OSFI) announced a revision to the uninsured mortgage stress test. The change will shrink supersized mortgage budgets, reducing the number of over-leveraged borrowers. Two of Canada’s largest banks say it’s […]

The post Mortgage Changes May Accelerate Canadian Property Bubble, Not Helpful: Big Six Banks appeared first on Better Dwelling.

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