Pressure on OSFI to cool Canadian property market

The Office of the Superintendent of Financial Institutions (OSFI) will launch a new consultation on the stress test Thursday with the goal of determining whether changes are needed to the framework that dictates whether or not borrowers can qualify for a loan.

…The fresh round of consultations come more than a year after OSFI abandoned its review of the measures. The watchdog dropped its consultations in mid-March of 2020 due to COVID-19 uncertainty, as many policymakers feared the pandemic would send home prices spiralling. Here is a direct video link.