Last weekend the government announced a change to current mortgage regulations which now require federal financial institutions to revise the mortgage penalty disclosures they provide to consumers. Plus, BMO is back in full force with their announcement of offering 2.99 per cent on their 5 year fixed mortgage product and TD has responded by bringing back their 2.99 per cent 4 year fixed mortgage.
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CMHC’s latest report on Canadian housing starts was released this morning and showed that the seasonally adjusted annual rate of housing starts in April 2010 was up 2,500 units or 1.3% over March 2010 to 201,700 units. This is the …
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Canada Mortgage and Housing Corporation (CMHC) announced this morning that the annual rate (seasonally adjusted) of housing starts slowed to 132,100 units in July from from 137,800 in June, a decline of 4.1%. Despite this they believe that housing starts …
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RateSupermarket.ca reviews the Canadian Mortgage and Housing Corporation’s (CMHC) predictions for 2009-2013. All of which indicate a continued slow-down in the real estate and building markets in Canada.
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Yesterday the Globe and Mail reported that the number of new homes being built will not return to the same levels we saw in 2008 for a long time – regardless of a recovering economy. Although this shouldn’t come as …
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