Canadian Housing Starts Increase in April
Economic News / Mortgage News / Mortgages

Canadian Housing Starts Increase in April

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 latest evidence that Canada’s housing market is still doing exceptionally well and driving Canada’s economic … Continue reading »

2009 Mortgage Consumer Survey Results
Mortgage News / Mortgages

2009 Mortgage Consumer Survey Results

The CMHC (Canadian Housing and Mortgage Corporation) which provides mortgage insurance to Canadians with less than 20% deposits on home purchases, completed an on-line survey of 2,507 recent mortgage consumers — all prime decision-makers — and the result is a unique perspective on attitudes and behaviours. Their key findings include: Mortgage Clients are Optimistic An … 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 »