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OSFI Tightens Supervisory Expectations for Mortgage Underwriting

Published on Jul 07, 2016 in Uncategorised

The Office of the Superintendent of Financial Institutions (OSFI) issued a letter this morning to all federally regulated financial institutions (FRFI). The letter expresses concern about the rising levels of household debt in Canada and serves to remind FRFIs of their obligations under Guidelines B-20 and B-21 to assess and underwrite mortgage loans and mortgage […]

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Federal Government Budget Release – A Letter From the Mayor

Published on Mar 24, 2016 in Uncategorised

The Federal Government released its budget yesterday. I want to tell you about what it means for Vancouver. First, it’s good news for transit riders. There’s a commitment for $370M right away for Metro Vancouver. That means we can get started on important design work for major projects like the Broadway Subway. The government is […]

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BC Government Ends Practice of Shadow Flipping

Published on Mar 18, 2016 in Uncategorised

The B.C. Government says it is ending the practice of shadow flipping in Vancouver’s real estate market. Speaking in Stanley Park Friday morning, Premier Christy Clark said they are not waiting for a review of shadow flipping to be done – they are moving to end the practice now. Shadow flipping is controversial. It involves brokers […]

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