Canada launches $100 million program to support first-time buyers
The Shared Equity Mortgage Providers Fund launched at the end of July 2019. It’s a $100 million, five-year program managed by the Canada Mortgage and Housing Corporation that will support existing SEMPs.
CMHC releases an updated "road map to homeownership"
According to the Canada Mortgage and Housing Corporation (CMHC), purchasing a home can be a challenging and confusing experience, and they’re right. From unfamiliar mortgage calculations to words you’ve never heard before, every step of the homebuying
CMHC Aims to Facilitate Affordable Housing Options
The Canada Mortgage and Housing Corporation (CMHC) just announced a change to the Homeowner Affordable Housing Flexibilities, increasing the amount of gross rental income that can go towards qualifying for a mortgage to 100%.Who does this effect?The
How You Can Own Your Home Sooner
A recent Scotiabank poll found that nearly three-quarters (72 per cent) of Canadians are taking at least one step to becoming mortgage-free sooner. The biggest advantage of paying your mortgage off sooner is the amount of interest you would save. A
Cutting Your Home Energy Costs
By Mark SalernoDid you know that you may be eligible for a 10 per cent refund on your Canada Mortgage and Housing Corporation (CMHC) mortgage insurance premium if you use CMHC insured financing to purchase, build, or renovate your home to make it energy
‘When you have weak supply responses…prices have nowhere to go but up’
The Canada Mortgage and Housing Corporation (CMHC) released a new study, Examining Escalating House Prices in Large Canadian Metropolitan Centres. According to their findings, strong economic and population growth along with low mortgage
Housing Starts in May Exceed Expectations
On June 10, 2013, the Canada Mortgage and Housing Corporation (CMHC) sent out a release pertaining to housing starts in Canada as of May 2013. Overall, the numbers were higher than expected.Where is Canada seeing the most housing starts?Throughout all of
5 Canadian housing markets at risk
The Canada Mortgage and Housing Corporation (CMHC) released its quarterly Housing Market Assessment (HMA), announcing overall problematic conditions, despite a few housing markets making an improvement in the last three months. “While the overall
Genworth Canada: Home Improvement Tips
One of the largest mortgage insurers in the country, Genworth Canada, recently posted a variety of videos illustrating helpful tips for homebuyers and homeowners. Today, we are featuring their video titled “Home Improvements.”The challenges behind home
Rental Vacancy Rates Increase in Canada
Canada Mortgage and Housing Corporation (CMHC) released its fall Rental Market Survey recently, which reports increases in Canada’s rental vacancy. Out of 35 major urban centres in Canada, the vacancy rate increased to 2.7% in October 2013, a tiny
