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April 9, 2021 | Pressure on OSFI to Cool Canadian Property Market

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

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.

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April 9th, 2021

Posted In: Juggling Dynamite

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