The Financial Post\u0027s Stephanie Hughes runs down the week\u0027s top stories in this must\u002Dwatch video. Watch now
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Cal LeGrow Insurance and Financial Group buys Drover Financial Services | SaltWireDrover Financial president Jim Drover said the acquisition will give clients access to a complete suite of services, including home and auto insurance, business insurance, mortgages, investments and life insurance.
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TD chief economist points finger at Bank of Canada for mortgage pinchThe central bank promised low interest rates would last — then hiked them aggressively. A new report says the Bank’s messaging helped nudged borrowers toward variable-rates mortgages that many homeowners now regret.
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Video: Canada’s bank regulator proposes new mortgage restrictionsThe Office of the Superintendent of Financial Institutions' Peter Routledge sat down with mortgage columnist Rob McLister to explain possible new restrictions on mortgage borrowing in Canada, including OSFI's potential new loan-to-income limit and debt service limit. Mr. Routledge also weighs in on whether Canadian banks can withstand a U.S.-style housing crash.
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OFSI launches consultations on mortgage rules, proposes additions - BNN BloombergCanada's banking regulator is launching public consultations on existing and newly proposed mortgage lending rules as it says loan risks have increased considerably since the start of the COVID-19 pandemic.
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OSFI Considering New Mortgage Lending RestrictionsOSFI has proposed a number of debt serviceability measures, including loan-to-income and debt-to-income restrictions, intended to better control risks stemming from high consumer debt. OSFICanada | realestate debt mortgage lending finance Canada
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Banking regulator launches consultations on mortgage rules, proposes additionsStricter 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.
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