Banking watchdog seeks public input on beefing up stress tests for homebuyers as risks rise

OSFI looking at range of extra measures to mitigate rising mortgage lending risks. Find out more

is seeking input on whether to adopt a set of proposed complementary debt serviceability measures including interest rate affordability stress tests, loan-to-income and debt-to-income restrictions, and debt service coverage restrictions.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“Mortgage lending risks, particularly related to debt serviceability, have increased considerably since the onset of the pandemic. These heightened near-term risks underscore the need to consider complementary measures to mitigate them.”Article content

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