Tag: cmhc
Home loans soon to be under stricter regulation
By: The Super BrokerThe 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 …
Canada's housing market to slowly rise by the end of 2013 and into 2014
By: The Super BrokerThe 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 …
CMHC changes homebuilding forecast
By: The Super BrokerCanada Mortgage and Housing Corporation has changed its forecast for homebuilding for 2013.
Home renovation programs
By: The Super BrokerTaking advantage of home renovation programs can ease financial strain and ensure that your home is in peak condition.
Housing market holds steady despite cool-down
By: The Super BrokerWhile the CMHC’s outlook leaving 2012 and going into 2013 predicts declines in new home construction, existing home sales are forecasted to rise.
Privatization comments spark debate
By: The Super BrokerAn 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).
CHMC database sparks speculation
By: The Super BrokerA report from the Office of the Superintendent of Financial Institutions (OSFI) quotes respondents as saying Emili produces inaccurate information, resulting in faulty home appraisals.
Flaherty Tightens Canadian Mortgage Rules.
By: Elias KellendonkCome 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%.
Banks, national agencies prepare for oversight
By: The Super BrokerA 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.
Home loans easier to get through mortgage broker under new CMHC rules
By: The Super BrokerLots 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.