Mortgage Survey Reveals 75% of Canadians Agree With New Lending Rules
Mortgage News / Mortgages

Mortgage Survey Reveals 75% of Canadians Agree With New Lending Rules

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 Canadians do not agree with the recent federal changes to mortgage lending rules Opposition … Continue reading »

Canadian Housing Market is Safe according to the Finance Minister
Economic News / Mortgage News / Mortgages

Canadian Housing Market is Safe according to the Finance Minister

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 in Calgary he said:   “There is no bubble in the Canadian housing sector,”   … Continue reading »

Canadian government stops guarantees on 40 year and 100% mortgages
Mortgage News / Mortgages

Canadian government stops guarantees on 40 year and 100% mortgages

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 rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market. The … Continue reading »