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 »

New Canada Mortgage Rules Go Into Effect Today
Buying A Home / Mortgage News / Mortgages

New Canada Mortgage Rules Go Into Effect Today

The days of 30-year high ratio mortgages are over as the mortgage rule changes announced June 21st by the Department of Finance go live today. While the changes have been put in place to cool an overly aggressive housing market and curtail Canadians’ debt to income ratio levels, it’s the short term implications that have everyone from first time home buyers to brokers wondering – what’s it going to cost? Continue reading »