OSFI

Domestic Stability Buffer

3.50%
of total risk-weighted assets
effective November 1, 2023

June 20, 2023

Minimum Qualifying Rate for uninsured mortgages

The greater of
the mortgage contract rate
plus 2% or 5.25%

December 15, 2022

OSFI releases its 2022 to 2023 Departmental Results Report

We released our 2022-2023 Departmental Results Report. It provides an overview of our goals, activities, and results for the year.

Continue reading: OSFI releases its 2022 to 2023 Departmental Results Report

Financial system risks

OSFI releases its 2022 to 2023 Annual Report

The Office of the Superintendent of Financial Institutions (OSFI) has released its 2022 to 2023 Annual Report. The report covers OSFI's progress and achievements from April 1, 2022 to March 31, 2023.

Continue reading: OSFI releases its 2022 to 2023 Annual Report

OSFI’s response to Guideline B-20 initial consultation feedback

The Office of the Superintendent of Financial Institutions has published the results of its initial public consultation on Guideline B-20: Residential Mortgage Underwriting Practices and Procedures, focused on debt serviceability measures.

Continue reading: OSFI’s response to Guideline B-20 initial consultation feedback

 

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OSFI major 2023 announcements

  • December 8

    Domestic Stability Buffer rate setting announcement

  • December 12

    Minimum Qualifying Rate announcement

 

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About OSFI

National capital region's top employers

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.

Superintendent

Peter Routledge 

Peter Routledge

About the Superintendent

Twitter

@OSFIBSIF_leader

Our partners

OSFI works closely with its federal partners, including the Department of Finance, the Bank of Canada, the Canada Deposit Insurance Corporation and the Financial Consumer Agency of Canada.

View infographic.

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