An overview of the CMHC dividend framework, and its effect on Canadians seeking high rate mortgages.
History has been made with the lowest 5 year fixed mortgage rate ever seen in Canada – 2.44%, offered in Ontario, Alberta and British Columbia. Read on to see how much you could save with this rate.
Canada’s so-called housing market bubble has become the topic du jour once again in finance news – but MoneyWise writer Rubina doesn’t think conditions are as alarming as they’re made out to be. Read on for her argument on why Canada’s housing market is right where it should be.
Looking to get a mortgage – this is the best place to start! Read on for all of the resources you need to learn about mortgages.
Last Friday, it was announced that the CMHC must pay risk fees to the Canadian government in exchange for backing 100% of the high risk mortgages they cover. How will this impact tax payers – and will it lead to higher costs for home buyers?
The federal government is increasing its watch on crown corporations like the CMHC – what changes could be in store, and how will the affect home buyers?
Trying to save that down payment? It’s no secret that it takes time, patience, and a solid savings strategy. Read on for 4 ways to save up, faster.
Each week there seems to be another release surrounding the fate of the Canadian real estate market … is there a bubble and will it burst? And what about those CMHC changes and the hurdle that first time home buyers are faced with?
It appears housing markets across the country are feeling the brunt of recent CMHC mortgage changes, as sales saw a 5.8 per cent nation-wide dip from July to August. According to the Canadian Real Estate Association (CREA), this is the largest month-over-month decline since June 2010
The 2.89 Five Year Fixed Rate Mortgage has returned, available in Ontario, Northwest Territories and Yukon, and available only for high-ratio mortgages. It’s sure to be a hit with the first time home buyer crowd – but how long will it stick around?