Tag: mortgage insurance

Home hunting tips

Happy Home Hunting Tips for Canadians

By: Elias Kellendonk

Finding the right home for you comes down to three chief factors: affordability, lifestyle, and your future needs.

New mortgage insurance rules.

Mortgage insurance rule changes…how will they affect you?

By: Tamar Leis

In October and November this year the Government of Canada made changes to mortgage insurance requirements. Mortgage insurance is provided by three companies in Canada. The biggest provider of mortgage insurance is CMHC a crown corporation. This insurance is paid for by the borrower and protects the lender in case of default. It reduces the …

mortgage insurance

Understanding mortgage insurance

By: The Super Broker

When it comes to home loans, there’s plenty of talk about mortgage rates, but far less about mortgage insurance.

home

Privatization comments spark debate

By: The Super Broker

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).

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Mortgage restrictions cool down market, leave buyers in a pickle

By: The Super Broker

Fewer than four in 10 buyers can afford a 20 percent down payment, according to the Canadian Association of Accredited Mortgage Professionals.

cmhc

Changes to CMHC unlikely to affect borrowers during housing boom

By: The Super Broker

Further changes may be in store for the Canadian Mortgage and Housing Corporation. Finance Minister Jim Flaherty announced his plans to reporters in New York recently.

CMHC logo

New budget: Change for banks, no change for consumers and less change in pockets

By: The Super Broker

The new federal budget from Ottawa contains a mixed bag of mortgage news. Consumers will see little change in the way they secure and pay for mortgages, but some banks and lenders may have adjustments to make in the way they do business.

CMHC

Canadian mortgage insurance firm to limit growth, slow housing market

By: The Super Broker

The Canadian Mortgage and Housing Corporation has indicated it will lessen its involvement in the housing market over the next few years as it approaches a federally mandated mortgage insurance limit.

Canadian mortgages

Transparency would limit risk in Canadian residential mortgage market

By: The Super Broker

As low mortgage rates and high personal debt converge in Canada, financial regulators are looking for ways to head off a housing bubble that could send the country into an American-style recession.

Genworth looking to profit from CMHC limit

By: The Super Broker

Genworth MI Canada, the nation’s second largest mortgage insurer, recently announced plans to take advantage of government constraints on the Canada Mortgage and Housing Corporation, its Crown corporation rival.

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