Federal Government Tables Bill to Tighten up Mortgage Lending

The federal government has tabled a bill Thursday to provide the Office of the Superintendent of Financial Institutions (OSFI) oversight of the Canada Mortgage and Housing Corporation (CMHC).  The amount of lending that CMHC insures has tripled from $200 billion in 2000, to $541 billion in September of 2011.  OSFI’s oversight should have a dampening […]

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