Mortgage Rules

Mortgage Rules

Mortgage Stress Test and First-Time home buyers

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 | 2018-10-31T16:12:56+00:00 October 31st, 2018|Economy, Mortgage Rules, Stress Test|Comments Off on Mortgage Stress Test and First-Time home buyers

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 | 2018-10-10T22:31:19+00:00 October 10th, 2018|Mortgage Rules, Stress Test|Comments Off on How Have the New Mortgage Rules Impacted the Price of Homes throughout Canada?

New Measures to Cool Red-Hot Property Market

The Canadian Real Estate Association (CREA) recently reported that February home sales across Canada rose 5.2 percent on a month-over-month basis to reach a level that’s just 0.8 percent below the highest peak ever seen in April 2016. There have been reports on the likelihood of policy intervention by different levels of government to address [...]

By | 2017-03-23T18:47:42+00:00 March 23rd, 2017|Economy, Mortgage Rules, Mortgage Tips|Comments Off on New Measures to Cool Red-Hot Property Market

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 [...]

By | 2017-02-08T16:10:24+00:00 February 8th, 2017|Mortgage Rules, Mortgage Tips|Comments Off on Complex mortgage rules boost value of mortgage brokers