ResMor Trust did a survey of 1,000 Canadian across the country 18 years of age or older, to gauge their thoughts on the new mortgage lending rulesannounced by the government a few weeks ago. The main points include: 23% of …
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Interesting article on Bloomberg about the private mortgage insurers such as AIG and PMI and how they’re considering what to do in the wake of the government’s decision to stop insuring 40 year and 0% deposit mortgages. The report highlights …
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According to a report by Canoe the Canadian Finance Minister Jim Flaherty has said their are no housing worries in Canada and the government isn’t worried about a subprime housing bubble as we’re seeing in the US. At an event …
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The Canadian government announced last week that they will stop guaranteeing 40 year and 100% mortgages through the Canadian House and Mortgage Corporation (CHMC) effective October 15th, 2008. The announcement stated: The Government of Canada today announced adjustments to the …
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