MICAT Total Requirements for FTHBI Mortgages

Document Properties

  • Type of Publication: Letter
  • Reference: Guideline for Federally Regulated Mortgage Insurers
  • Date: September 3, 2019
  • To: Federally Regulated Mortgage Insurers

Today, OSFI is issuing the Advisory MICAT Total Requirements for FTHBI Mortgages.

This advisory defines the total requirements for First-Time Home Buyer Incentive insured mortgages (FTHBI mortgages) and complements OSFI's Mortgage Insurer Capital Adequacy Test (MICAT) Guideline.

Should you have any questions related to this advisory, please contact Henri Boudreau, Managing Director, Modeling and Mortgage Insurance, Capital Division (henri.boudreau@osfi-bsif.gc.ca) at (613) 998-7478.

Sincerely,

Bernard Dupont
Acting Assistant Superintendent, Regulation