CMHC chief: Longer amortizations will not ensure housing affordability
6/20/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu
Policymakers can take more concrete steps to alleviate consumer worries, national housing agency head says ...
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CMHC expands Insured Mortgage Purchase Program
3/26/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu
Canada beefs up liquidity plan with expanded mortgage guarantee ...
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Government announces new mortgage buying program
3/17/2020 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system. ...
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Canadian housing starts unchanged in January
2/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu
The national trend in housing starts essentially held steady in January. ...
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Canadian housing starts trended lower in December
1/10/2020 | Posted in Canadian Housing Market by Jessi Sandhu
There was a decline in the 6-month moving trend in Canadian housing starts in December. ...
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Canadian housing starts were flat in November says CMHC
12/10/2019 | Posted in New Developments by Jessi Sandhu
There were some slight increases but the 6-month trend was essentially unchanged ...
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Canadian housing starts have decelerated somewhat
10/9/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The pace of housing starts nationwide in September was considerably slower compared to the August output, according to new data from the Canada Mortgage and Housing Corp. ...
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GTA largely responsible for house flipping in the Waterloo region
8/19/2019 | Posted in Ontario Real Estate by Jessi Sandhu
Real estate flipping in the Waterloo region is mostly committed by investors from the Greater Toronto Area, according to a new report by Canada Mortgage and Housing Corporation. ...
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Central bank qualifying rate used in mortgage stress tests falls
7/21/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years. ...
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OREA calls for relaxed mortgage rules
7/18/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. ...
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Alternative lenders increase share of slowing Canadian mortgage market: CMHC
7/17/2019 | Posted in Mortgages and Real Estate by Jessi Sandhu
An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government ...
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Despite new details, First-Time Home Buyer Incentive is flawed
6/18/2019 | Posted in First Time Home Buyers by Jessi Sandhu
While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem. ...
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First-Time Home Buyer Incentive To Launch In September
6/18/2019 | Posted in Home Buyers by Jessi Sandhu
The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ...
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Price growth expectations and financial risk: top influences for homebuyers
6/13/2019 | Posted in Home Buyers by Jessi Sandhu
Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ...
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Canadian housing starts trend decreased in May
6/11/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). ...
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Household debt at a record high, senior mortgages increase
5/23/2019 | Posted in Financial Health by Jessi Sandhu
Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC. ...
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Canadian housing starts trend increased in April
5/9/2019 | Posted in Canadian Housing Market by Jessi Sandhu
On the national level, the housing starts trend went up in April, according to the Canada Mortgage and Housing Corporation’s latest report. ...
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Canada's housing markets not as vulnerable as prices fall more than 5%
5/2/2019 | Posted in Canadian Housing Market by Jessi Sandhu
For 1st time in 2.5 years, Canada Mortgage and Housing Corporation rates market as only moderately vulnerable ...
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CMHC releases statement on Liberals' mortgage plan
4/4/2019 | Posted in Home Buyers by Jessi Sandhu
Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage point. ...
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First Time Home Buyers Get Help: Federal Budget Highlights
3/19/2019 | Posted in Canadian Housing Market by Jessi Sandhu
Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals. ...
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Canada's housing market still 'vulnerable' even as Toronto valuations cool, says CMHC
2/8/2019 | Posted in Canadian Housing Market by Jessi Sandhu
The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ...
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12/17/2018 | Posted in Canadian Economy and Housing Market by Jessi Sandhu
The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average. ...
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Canadian Housing Starts Trend Increases in November
12/12/2018 | Posted in Canadian Housing Market by Jessi Sandhu
The trend in housing starts was 210,038 units in November 2018, compared to 206,460 units in October 2018, according to Canada Mortgage and Housing Corporation (CMHC). ...
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More homebuyers opted for variable rates in Q3 says CMHC
11/30/2018 | Posted in Home Buyers by Jessi Sandhu
CMHC has published its financial report for the third quarter of 2018 which also reveals insights into this year’s homebuyers. ...
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Rental vacancy rate dips to 2.4% across Canada, CMHC says
11/28/2018 | Posted in Rental Market by Jessi Sandhu
Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units. ...
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CMHC expects housing starts and sales to slide over next 2 years
11/7/2018 | Posted in Canadian Housing Market Predictions by Jessi Sandhu
Income, employment support demand for housing, but they're expected to slow, agency says. Rising mortgage rates are also expected to affect housing demand and the resale ...
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New CMHC Guidelines in Effect for Self-Employed
10/4/2018 | Posted in Home Buyers by Jessi Sandhu
CMHC’s new guidelines that make it easier for self-employed borrowers to qualify for a mortgage came into effect on Oct 1. ...
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There were fewer new mortgages in 2017 CMHC data shows
8/15/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu
There was a slight decline in the volume of new mortgage loans in 2017 according to an analysis of consumer credit data from CMHC. ...
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CMHC makes announcement regarding self-employed borrowers
7/19/2018 | Posted in Home Buyers by Jessi Sandhu
Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage ...
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30-year high housing starts could signal return to prosperous market
7/10/2018 | Posted in Canadian Housing Market by Jessi Sandhu
Canadian housing starts surged in June to one of the highest levels over the past decade, driven by new condominium developments in Toronto that reached a 30-year high for the ...
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