OSFI Wants To Make It Harder To Get A Mortgage
The Office of the Superintendent of Financial Institutions (OSFI) wants to propose tighter lending rules for mortgages. OSFI regulates banks only and not credit unions, so unions such as Meridian Credit Unions don’t have to abide by these rules. These rules are only proposed at this point and OSFI is seeking feedback until April 14th, 2023.
