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OTTAWA 鈥?The federal banking regulator is proposing a new stress test for all uninsured mortgages as part of efforts to tighten lending rules.The Office of the Superintendent of Financial Institutions OSFI recommended the measure as part of draft changes that it has published for public consultations.The change would mean that homebuyers who have a down payment of 20 per cent or more 鈥?and therefore don ;t require mortgage insurance 鈥?will still face a stress test to see if they can handle their payments if interest rates rise. ARTICLE CONTINUES BELOW The regulator also proposed Thursday expressly prohibiting co-lending arrangements that are designed or appear to be designed to circumvent regulatory requirements.The suggestions follows a
stanley water jug move by Ottawa last year to require that all insured mortgages undergo a stress test to determine if borrowers will be able to make their payments if circumstances change such as in the event of a job loss or interest rate hike. ARTICLE CONTINUES BELOW Speculatio
stanley thermos n is rampant that the Bank of Canada could raise its key interest rate target as early as next week.If the central bank raises its key rate, the big banks are expected to raise their prime rates, a move that will increase the cost of variable rate mortgages and other loans tied to the benchmark rate. ARTICLE CONTINUES BELOW
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Ontario will raise capacity limits on a variety of indoor and outdoor settings this weekend, Chief Medical Officer of Health Dr. Kieran Moore has announced.In a remote media conference on Sept. 24, Moore said the decision to raise limits in sports venues, meeting and event spaces, concerts, theatres, cinemas, racing venues and film
stanley mug and television sets follows a recent boost in COVID-19 vaccine uptake in Ontario.Over the past week, nearly 87,000 more Ontarians got their first shot and over 137,000 more got their second shot. Between Sept. 1 and Sept. 22, the seven-day average for first doses administered increased by more than 6 per cent, from over 11,400 doses to over 12,000 doses, Moore said. ARTICLE CONTINUES BELOW With public health and health-care indicators currently stable and proof-of-vaccination now in effect, we are able to recommend cautiously
stanley mug easing capacity limits in certain settings. Beginning on Sept. 25 at 12:01 a.m., indoor capacity limits for聽sporting events; meeting and e
stanley cups vent spaces, including banquet halls conference and convention centres; concerts; theatres; cinemas; racing venues and studio audiences at commercial film and television sets will increase to the lesser of either 50 per cent or 10,000 people. ARTICLE CONTINUES BELOW At the same time, outdoor capacity limits for non-seated theatre, concert, racing and sporting events wi