A recent report from the C.D. Howe Institute finds Canada needs a $9-billion emergency fund to cover a potential housing crash. Here’s what you need to know about the think tank’s findings, and whether homeowners and borrowers should be concerned.
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?
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.
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.
Mortgage rules B-21 and B-20 received an update this week, as OSFI introduced changes that target income assessment and assets for borrowers. Could this limit your ability to qualify for a mortgage? Read on for the full story.
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?
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.