Mortgage rules

Over the past decade, the Canadian government has implemented several mortgage rule changes aimed at tempering housing demand and safeguarding home buyers from over-extending themselves. Each time, the respective measures are meant to cool ever-increasing home … Read More

The Office of the Superintendent of Financial Institutions (OSFI) is proposing a stress test for uninsured mortgages.

Another year, another change to the mortgage rules. This year was an interesting one when it came to mortgages as the federal government announced more rule changes.

There could be an 8% decline in housing market activity due to new mortgage rules, according to a report from Mortgage Professionals Canada (MPC).

Federal regulators should consider increasing the minimum down payment on homes to reduce economic risks, according to the head of the Canada Mortgage and Housing Corporation (CMHC).

New mortgage rules came into effect on Oct. 17, which alters mortgage qualifications for high-ratio insured mortgages. That means if you put a down payment of less than 20%, you must now qualify for your mortgage … Read More