Market Monitor

CAAMP Says Tighter Rules not Necessary, Help for First-Time Buyers Is

It was a couple of weeks ago that Canada Mortgage Trends reported that the Office of Superintendent of Financial Institutions (OSFI) was considering changing mortgage rules once again by capping all mortgages in Canada, provided by a lender under their supervision, at 25-year amortizations. This caused a huge outcry, from both consumers and those in…