OSFI report reveals largely unknown mortgage exemption: no stress test on insured switches

10/20/2023 | Posted in Mortgage News by Jessi Sandhu

Many in the mortgage industry reacted with surprise after learning about a little but very important nugget buried in an OSFI report released earlier this week. ... More

Tags: Insured Mortgages, Mortgage Consumers

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 ... More

Tags: Canadian Mortgage Market, CMHC, Government Intervention, Government of Canada, Insured Mortgages

Morneau unveils new insured mortgage stress test rate

2/18/2020 | Posted in Mortgages and Real Estate by Jessi Sandhu

Ottawa changing stress test rate for insured mortgages starting April 6. ... More

Tags: Insured Mortgages, Mortgage Consumers, Stress Test, Uninsured Mortgages

CMHC's Siddall Defends Policies, Provides Update on the FTHBI

11/22/2019 | Posted in Canadian Housing Market by Jessi Sandhu

Some fresh information on the status of the First-Time Home Buyer Incentive (FTHBI) and a possible increase on the $1M cap for insured ... More

Tags: Canadian Housing Market, Canadian Real Estate Market Outlook, First Time Home Buyer Incentive, First Time Home Buyers, Insured Mortgages, Mortgage Consumers, Mortgage Loan Insurance, Mortgage Trends, Mortgages & Real Estate