Tag: cmhc

In recovery from the mid-2007 crisis faced by mortgage default insurance companies, private mortgage insurance has become popular once again.

50 per cent of (or 2.1 million) Canadian households renovated their homes in 2009, and just over 40 per cent intend to this year.

Mortgage insurance protects the lender in the event the mortgagor defaults on their mortgage payments.

A CMHC study finds that First-time homebuyers conduct virtually all of their mortgage inquiries online.

As of April 19, all unsigned pre-approved mortgages will be made null and void due to the new qualifying rate rules.