OSFI seeing a deterioration in credit quality, says borrowers to face challenges at renewal

Canada’s banking regulators says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a deterioration in certain credit quality. 

Canada’s banking regulators says the sustained increases in interest rates over the past 18 months have challenged some borrowers’ ability to pay and led to a deterioration in certain credit quality.  Mortgage Rates & Mortgage Broker News in Canada 

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