Unpacking OSFI's Stance on Negative Amortizations and What It Means for Borrowers

Just as new rate hikes threaten to push more mortgagors over the edge, we got this ominous headline from Reuters last week:

"Canada bank regulator says lenders should urgently tackle risks from mortgage extensions"

This got worrywarts in the housing market all riled up, thinking new regulatory policies might drive borrowers into default. So, we decided to investigate what OSFI was actually proposing.

Here's what Canada's bank regulator told us:

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