Banking regulator's proposals on mortgage rules lack stakeholder support

TORONTO — Mortgage strategist Robert McLister says the real estate industry is likely breathing a sigh of relief after Canada's banking regulator signalled it might not move ahead with some proposed tightening of its mortgage lending rules.

It says stakeholders were generally not supportive of additional debt service measures and raised concerns about the disproportionate impact that new industry-wide measures could have on smaller lenders.He says flexibility for lenders can be better maintained if the regulator does not institute defined debt ratio limits for uninsured federally regulated mortgages.

-- Lithium giant Albemarle Corp. has walked away from its A$6.6 billion takeover of Liontown Resources Ltd., after Australia’s richest woman built up a blocking minority and effectively scuppered one of the largest battery-metals deals to date.

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