A
new case from the B.C. Court
of Appeal, Whyte v. British Columbia (
Superintendent of Motor Vehicles), 2013 BCCA 454, provides some
guidance.
For its part, the Office
of the
Superintendent of Financial Institutions (OSFI) released
new guidance on mortgage underwriting and mortgage insurance that implemented enhanced global standards.24 In December, OSFI announced that it would issue for public consultation proposed rules for how much capital the banks and mortgage insurers must hold against vulnerable insured mortgages.