Tag: cmhc

The Canadian Mortgage and Housing Corporation (CMHC) recently issued new guidelines for the use of debt ratios and confirmation of income documents in their mortgage calculators. Set to take effect on December 31, 2013, many lenders are already adhering to the stipulations, while others, like Genworth Canada, are in the process of reviewing them, and may …

The Canada Mortgage and Housing Corporation (CMHC) said that the housing market will pick up momentum in the later part of this year and into 2014. David George-Cosh said in a blog for The Wall Street Journal that if this prediction sounds familiar, it's because it's similar to the outlook of an agency report in February, but …

Canada Mortgage and Housing Corporation has changed its forecast for homebuilding for 2013.

While the CMHC’s outlook leaving 2012 and going into 2013 predicts declines in new home construction, existing home sales are forecasted to rise.

An interview Flaherty gave to The Globe and Mail sparked debate when it was reported that the finance minister wants to privatize the Canadian Mortgage and Housing Corporation (CMHC).

A report from the Office of the Superintendent of Financial Institutions (OSFI) quotes respondents as saying Emili produces inaccurate information, resulting in faulty home appraisals.

Come July 9th, the CMHC will no longer insure mortgages with amortizations longer than 25 years, and will further limit the amount a homeowner can refinance their mortgage to 80%, down from 85%.

A plan to increase oversight of the Canadian Mortgage and Housing Corporation has received mixed reviews in Ottawa, but at least one major housing official has signaled his support for the measure: CMHC President Karen Kinsley.

Lots of changes are coming for the Canadian Mortgage and Housing Corporation, starting with some new oversight from the Office of the Superintendent of Financial Institutions.