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