CMHC Reports $14 Billion Mortgage Insurance Decline
Buying A Home / First Time Home Buyers / Mortgage News / Mortgages / Refinancing and Renewing

CMHC Reports $14 Billion Mortgage Insurance Decline

The CMHC is the biggest provider of mortgage insurance in Canada, but recent efforts have focused on reducing their involvement with high-risk mortgages. The Crown Corporation reported $14-billion decline in insured mortgages in their 2014 annual report. Great news for taxpayers – but what does that mean for prospective borrowers? Continue reading »

Friday Mortgage Round Up: June 15th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: June 15th, 2012

CAAMP’s semi-annual report has arrived, and it’s full of latest stats and issues surrounding the current state of Canadian mortgages. A big point of interest lately are the draft guideline changes proposed by the OSFI. Federally-Regulated Financial Institutions have reviewed the recommendations, and the verdict is in on renewals, HELOCs and AVMS. Read on to find out what will change and what will stay the same – and how it’ll affect you. Continue reading »