Regulatory Alerts2022-10-25
Notice on Upcoming Changes to the Residential Hypothecary Lending Guideline for Certain Products
The Autorité des marchés financiers (AMF) is amending its Residential Hypothecary Lending Guideline to regulate combined loan plans, reverse loans, and shared equity products that drive rising household indebtedness. These updates will enhance industry resilience and align provincial oversight with federal frameworks by addressing upward trends in outstanding borrower balances. Stakeholder consultation will precede the phased implementation, with new requirements taking effect between September 30 and December 31, 2023 based on each lender’s fiscal year-end.
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