The Office of the Superintendent of Financial Institutions (OSFI) recently launched a proposal that could push future Canadian mortgage rates higher.
When OSFI makes changes, it first issues a proposal that is “open for public consultation” up to a certain deadline, which in this case is October 18. But OSFI is making this proposal in the same way that I propose to my kids that they brush their teeth before bed – while technically I am asking, one way or another, it’s going to happen.
In its recently revised Capital Adequacy Requirement (CAR) Guideline, which is designed “to ensure that capital requirements continue to reflect underlying risks and developments in the financial industry”, OSFI has made allowances for increased risk at both the individual and...
Panorice Mountain Views - just listed 1950 square foot 10 foot ceilings walk out bungalow with finished lower level
4 bedrooms if you wish, or make into an offer or personal gym.
In Floor Heat
Upper Main floor laundery
5 Piece Ensuite
3 sided fireplace
built in cabinets
Front Covered Porch
Large West Facing deck - Mountain views
This home is loaded and Ready for you