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Category Archives: Government

Government Information

Homebuyers to Face More Stringent Mortgage Stress Test After June 1

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Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) unveiled its proposed changes on Thursday, which would require borrowers applying for uninsured mortgages—typically those with more than a 20% down payment—to qualify at their mortgage contract rate plus two [&hellip…

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Statistics Canada reveals latest inflation rate

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by Jordan Press Canada’s headline inflation barometer rose 1% in January compared with the same month last year, accelerating from the end of 2020 and poised to go higher in the coming months. The consumer price index hasn’t been above the 1% threshold since one year ago this month, when inflation rose 2.2% compared to [&hellip…

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BlackNorth Initiative now has more than 400 Canadian executives onboard

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The BlackNorth Initiative, launched in mid-2020 amid widespread calls to address racial injustice across Canadian industries, now has the support of more than 400 Canadian business leaders – with a combined value of $1.3 trillion – on board. The BlackNorth CEO pledge is aimed at rooting out systemic racism by ensuring that come 2025, Black [&hellip…

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