Canadian Mortgage

Canadian Mortgage

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 |2017-01-04T01:02:19+00:00October 31st, 2013|Mortgage Tips|0 Comments

Home sales plunge, prices still holding up.

Housing cools Canada's housing market continues to cool markedly, with sales plunging 17.4 per cent in December from a year earlier. Prices, however, still held up, with a gain of 1.6 per cent from December, 2011. On a month-over-month basis, sales were little changed from November, the Canadian Real Estate Association said today. New listings [...]

By |2017-01-04T01:02:27+00:00January 23rd, 2013|Economy|0 Comments

Canada Banks Told Relying on Rules Isn’t Risk Management

Canada Financial Institution need to assume responsibility for managing risks in lending to households and shouldn’t rely on regulators to avoid hazards, the head of regulation at the country’s banking watchdog said. Financial Institutions must “make sure they have the financial resources to manage those risks and the institutional capacity to manage those risks,” Mark Zelmer, assistant [...]

By |2017-01-04T01:02:28+00:00May 19th, 2012|Economy|0 Comments