Efforts to reduce the CMHC and taxpayers’ exposure to the risky mortgage market has paid off – the Crown corporation has reported it now covers only 50% of new residential mortgages. What does this mean for new borrowers?
The CMHC Q2 housing market update has been released and has a province-by-province breakdown of housing conditions in Canada. How’s the market in YOUR region? Read on to find out.
The latest consumer survey from CMHC finds mortgage renewers are the most loyal to their lenders – 86% of them stayed with their bank once they already had their mortgage in place. Check out the survey’s top consumer highlights.
This week on MoneyWise, we’re all about moving on up – what changes can you make to your home, finances and savings to get ahead this spring? Read on for this week’s lineup!
What are the risky housing markets in Canada? Is yours one of them? The CMHC has identified the top risky regions in a recent report. Read on for our breakdown.
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?
Prospective home owners may see their affordability shrink as another set of mortgage rules are slated to go into effect this summer. Here’s what buyers need to know.
What’s in store for your spring finance forecast? This week, MoneyWise looks at various price changes affecting your personal finance products.
CMHC and Genworth have announced they are increasing their insurance premiums for mortgage borrowers paying less than 10% down on their home purchases by 15%. How will this affect your ability to buy? Read on to learn more.
Introducing RateSupermarket.ca’s First Time Home Buyer’s Guide! From qualifying for your mortgage to moving day, we have everything you need to get started.