CMHC

What is a high-ratio mortgage? More than a buzzword, the difference between a high-ratio mortgage and a low-ratio mortgage matters, saving you thousands.

The CMHC has announced changes to its coverage criteria for insured mortgages. The changes could make it more difficult to qualify for a mortgage in Canada.

Refinancing your mortgage can be an excellent source of financing to consolidate debt, complete a home renovation or to send your children to post-secondary education. In Canada, you can refinance your mortgage up to a loan-to-value ratio … Read More

Here are some stories that caught our eye this week: Ontario eases regulations to help financial startups thrive Ontario’s Minister of Finance, Charles Sousa, recently laid out a plan to help the province’s growing fintech sector. … Read More

Here’s what caught our eye this week: CMHC wants to make mortgage insurance accessible to immigrants and entrepreneurs The Canada Mortgage and Housing Corporation’s CEO, Evan Siddall, shared with the media this week that the organization … Read More

Here are some of the stories that caught our eye this week:

Canadians who plan on purchasing a home with a down payment of less than 20% will now have to pay larger mortgage insurance premiums.

The Canada Mortgage and Housing Corporation (CMHC) is increasing its homeowner loan insurance premiums later this year.

While Canada’s tumultuous real estate market is never a snooze, 2016 ushered in considerable change for buyers and sellers. A number of new policy changes, taxes, and regulations that altered affordability and expectations came into play … Read More

The Canada Mortgage and Housing Corporation (CMHC) has issued a red warning for the country’s housing market, raising its overall risk rating to strong from moderate as house prices climbed faster than income and population growth.