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Reader note: Due to the holiday, the latest Amortization Simulator will be available Tuesday evening, once we receive the latest forecast curve data from CanDeal DNA.
Today's Mortgage Bytes follow below.
Today's Mortgage Bytes follow below.
Canada's banking watchdog is increasingly nervous about lender exposure to commercial real estate (CRE).
It's so uneasy that it just sent banks its first-ever formal, public guidance on risk management for CRE lending.
"Commercial real estate is a top risk as outlined in OSFI’s April Annual Risk Outlook...," OSFI says. That's because CRE is cyclical. "There are greater risks of an asset not generating enough cash flow to justify its cost and losses—during and after an economic downturn," the regulator explains.
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