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  • STOREYS Daily - Jan 12 '23

STOREYS Daily - Jan 12 '23

 "Canada's banking regulator has proposed a number of new mortgage lending restrictions in an effort to mitigate increased risks stemming from high household debt. The measures, which include loan-to-income and debt-to-income restrictions, would limit what some borrowers qualify for, potentially dampening demand even further and keeping housing prices down." 

Zoe Demarco, STOREYS Staff Writer

The Office of the Superintendent of Financial Institutions (OSFI) is considering new mortgage lending restrictions in an effort to mitigate increased risks stemming from high household debt.