mortgage rules

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National Mortgage broker conference -B20

MORTGAGE STRESS TEST ADDRESSED AT THE CONFERENCE On Monday Oct 29 2018, CMHC addressed a few questions regarding the regulatory changes in the mortgage industry at the National Mortgage Broker conference The mediator for this seminar was the President of the "Mortgage Professionals Canada". The discussion was mainly about the Mortgage stress test ie; B20.  CMHC [...]

By |2018-12-21T20:13:31+00:00October 31st, 2018|Mortgage Rules, Stress test|Comments Off on National Mortgage broker conference -B20

How have the new mortgage rules impacted the price of homes throughout Canada?

How Have the New Mortgage Rules Impacted the Price of Homes throughout Canada? The last few years have brought great change to the Canadian housing market, primarily due to the most recently implemented mortgage rules that were put in place. While these changes and rules have been put in place as an attempt to protect [...]

By |2018-12-21T20:19:19+00:00October 10th, 2018|Mortgage Rules, Stress test|Comments Off on How have the new mortgage rules impacted the price of homes throughout Canada?

Complex mortgage rules boost value of mortgage brokers

More complex mortgage rules boost the value of mortgage brokers.  The last quarter of 2016 brought considerable change to Canada’s residential mortgage business. In October, the Department of Finance Canada announced new mortgage rules that have had a tempering effect on the market. Then, in late December, the Office of the Superintendent of Financial Institutions [...]

By |2017-02-08T16:03:17+00:00February 8th, 2017|Mortgage Rules, Mortgage Tips|Comments Off on Complex mortgage rules boost value of mortgage brokers

Home sales dip in October as market cools

OTTAWA - Canadian home resales dipped last month for the first time since February in what many see as a signal that a so-called correction in the housing market remains in place. The Canadian Real Estate Association reported Friday that the number of transactions fell 3.2 per cent in October from September on a seasonally [...]

By |2017-01-04T00:58:58+00:00November 25th, 2013|Economy|0 Comments

Canadian Mortgage Rules

Changing regulations in Canada’s mortgage market Since 2008, the federal government has made several changes to the rules for mortgages insured through the Canada Mortgage and Housing Corporation (CMHC) and other private sector mortgage insurance providers. These rules affect home buyers with less than a 20 per cent down payment and these changes will impact [...]

By |2017-01-04T00:58:58+00:00October 31st, 2013|Mortgage Tips|0 Comments

Real Estate continues to grow

The Canadian real estate industry will get more good news today — not that it needs any more positive spin or Finance Minister Jim Flaherty even wants to hear it. The Canadian government has no plans for now to clamp down on the housing market even though prices are rising again, Finance Minister Jim Flaherty [...]

By |2013-10-30T17:04:19+00:00October 30th, 2013|Economy|0 Comments