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Sunday, June 16th, 2019

CMHC to return to lower-risk roots – Consult with a Vancouver Mortgage Broker

BOYD ERMAN AND TARA PERKINSThe Globe and Mail The head of Canada Mortgage and Housing Corp. is shifting the priority of the mortgage insurer to helping Canadians buy homes they need, not the bigger, pricier homes they might want. Chief executive officer Evan Siddall said in an exclusive interview that his first six months on the job […]

CMHC’s move to hike mortgage insurance premiums prompts competitors to follow – Ask a Vancouver Mortgage Broker

The cost of mortgage default insurance is about to go up for most consumers after competitors moved quickly to follow Canada Mortgage and Housing Corp.’s decision to raise premiums. In Canada’s housing market here’s what $500 K buys: A lake in Edmonton … a condo in Toronto The Canadian Real Estate Association has predicted that […]

Two steady housing years ahead: CMHC

Canada’s housing market has two good years ahead of it yet, Canada Mortgage and Housing Corp. said Monday, with low interest rates and a “moderately” expanding economy keeping price corrections at bay. The Crown corporation – which insures Canadian mortgages – has had a consistently rosier view of the market than many private sector forecasters. Canadian banks […]

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