What’s in store for your spring finance forecast? This week, MoneyWise looks at various price changes affecting your personal finance products.
CMHC default insurance is mandatory for all home buyers paying less than 20 per cent on their home purchase. But are these mandatory premiums priced too high? A new petition is challenging the CMHC’s profit margins, arguing it’s time to give first time home buyers a break.
Mortgages Spotlight: Genworth reports a decline in mortgage insurance defaults, and Canadians take a cautious approach to their debt.
This time last year, the CMHC introduced sweeping mortgage rule changes that limited affordability for many mortgage and home buyers. On the anniversary of these changes, how has the housing market – and overall economy – been affected?