Don’t expect to see a spike in detached home construction this year
The Canada Mortgage and Housing Corporation released its monthly housing starts report for February 2019, reporting a drop in new home construction.
It’s time for families to embrace condo living
The Canada Mortgage and Housing Corporation sees moderation in our future, but it means more buyers need to start embracing the possibility of high-rise living, or at least high-density.
What to expect when applying for a mortgage for the first time
When you buy a new home preconstruction, the builder requires you to provide proof of pre-approval, but this is much different than applying for a mortgage.
A Mortgage For Everyone
Applying for a mortgage can seem daunting, especially if you don't know whether or not you'll qualify.
Housing starts trend drops and could keep dropping
The Canada Mortgage and Housing Corporation released its housing starts figures for May 2018, reporting a drop in new home construction.
Mortgage activity slows as Canadians fall deeper into debt
Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.
Fewer millennials are buying homes in Canada
The Canada Mortgage and Housing Corporation released the results of its annual Mortgage Consumer Survey, providing insights on the behaviour, attitudes, and expectations of Canadians who are acquiring, renewing, and refinancing a mortgage.
71% of first-time buyers use their own savings for a down payment
The Canada Mortgage and Housing Corporation (CMHC) released the results of its annual Mortgage Consumer Survey, announcing some not-so-shocking statistics about first-time buyers. The survey was completed by 3,002 mortgage consumers that participated in
What does the new mortgage rule mean for first-time buyers?
On October 17, 2016, most first-time buyers will have less borrowing power when it comes to being approved for a mortgage. Whenever less than 20% is put down on a home, the mortgage needs to be insured. The new rule states that every insured mortgage
CMHC increasing mortgage insurance premiums
The Canada Mortgage and Housing Corporation (CMHC) just announced that it is increasing its mortgage loan insurance premiums, effective March 17, 2017. Don’t worry, it shouldn’t affect your ability to afford a home. Mortgage loan insurance is necessary
