Friday Mortgage Round Up: August 17th, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: August 17th, 2012

The CMHC had added their predictions to the cooling housing market pile – and they’re fortunately less extreme than past calls of a 10 per cent drop. While they’re forecasting a slowdown in pricing, new construction and existing home sale figures, Canada’s housing market is still sitting pretty compared to the U.S., where 4 million homeowners are now underwater on their mortgages. Continue reading »

Flaherty Announces Mortgage Regulation Changes
Mortgage News / Mortgages

Flaherty Announces Mortgage Regulation Changes

The mortgage market is changing. After much talk since mid-December about possible mortgage rule changes, the Finance Minister finally announced the changes at a press conference. He re-iterated that the housing market is healthy and stable with 2/3 of Canadians owning their own home. The housing market has been performing very well providing Canada with … Continue reading »