Is this the year you become a landlord? Image

Is this the year you become a landlord?

With the recent mortgage rule changes requiring all insured mortgages to undergo a stress-test, it’s possible that many who were looking to get into the market this year may hold off and decide to rent for another year or so in order to save for a 20%

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CMHC releases an updated "road map to homeownership" Image

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

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Canada launches $100 million program to support first-time buyers Image

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.

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Cutting Your Home Energy Costs Image

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

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CMHC Aims to Facilitate Affordable Housing Options Image

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

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‘When you have weak supply responses…prices have nowhere to go but up’ Image

‘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

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Housing Starts in May Exceed Expectations Image

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

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CMHC Releases Canadian Housing Observer 2013 Image

CMHC Releases Canadian Housing Observer 2013

The Canada Mortgage and Housing Corporation (CMHC) released the 11th edition of their annual Canadian Housing Observer. This year’s report has a special feature on the country’s exciting condominium market.“Condos (called strata in BC) include a variety

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Rental Vacancy Rates Increase in Canada Image

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

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Canadian Housing Starts Remain Steady as of May 2014 Image

Canadian Housing Starts Remain Steady as of May 2014

The Canada Mortgage and Housing Corporation (CMHC) announced that Canadian housing starts are trending at 184,438 units, a slight increase compared to the 183,872 units in April. Housing starts across the country have remained steady for the past three

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