Home Mortgages

RBC, TD and CIBC raise rates

Interest rate shocks for some households could be “significant,” report warns

The new rules will extend stress-testing requirements for homebuyers to uninsured mortgages

Stress tests examine impact of several extreme scenarios on the mortgage lender

The revised guidelines will come into force Jan. 1.

The Fraser Institute’s study is being published as the federal regulator of financial 9nstitutions finalizes new lending guidelines

The banking regulator will put forward updated mortgage underwriting guidelines by the end of the month

The Crown corporation has raised the idea with its board and expects to announce something within the next six months

More than 88% of shareholders rejected a plan that would have seen Buffett’s Berkshire Hathaway acquire 23.9 million more shares for $246.7 million

The increased mortgage balance has been driven by rising home prices