"Risk identified in Canada's housing market by OSFI."
OSFI Raises Red Flag on Canada's Housing Market as a Risk to Financial Stability
The Office of the Superintendent of Financial Institutions (OSFI) has raised a red flag on Canada's housing market as a risk to financial stability. The OSFI is Canada's financial regulator and has brought attention to the fact that there are significant vulnerabilities within the housing market.
Regulator OSFI Calls Out Housing Market Risks in Canada, Calls for Urgent Action
The Office of the Superintendent of Financial Institutions (OSFI) in Canada has recently called for urgent action in response to the housing market risks. OSFI is a federal agency that regulates and supervises financial institutions in Canada to ensure they operate in a safe and sound manner.
Canada's Banking Watchdog Warns of Possible Housing Bubble, Issues Stern Caution to Lenders
The Office of the Superintendent of Financial Institutions (OSFI), Canada's banking regulator, has issued a stern caution to lenders amid concerns of a potential housing price bubble. The warning comes in the wake of rising housing prices across the country, especially in major urban centers like Toronto and Vancouver.