OSFI on the STRESS TEST – expect a modest relaxation, likely not enough to really help us on the Prairies.
OSFI on RENEWALS – not sure if we’ll see elimination of the stress test for borrowers who want to move their maturing mortgage to another lender at maturation.
OSFI on HELOCS – we may see a tightening on this product as the ‘boss of the banks’ sees a threat from consumers using their HELOCs as bank machines.