CMHC Reiterates Forecast of Housing Price Drop as COVID-19 Market Risks Contribute to Vulnerability
As Canada’s housing market continues to defy the coronavirus economic downturn with booming demand and rising home prices, the Canada
Read more
CMHC
Canada’s Construction Industry Booming Despite Economic Slowdown, Housing Starts Rose 6.9% in August
Although the economic rebound from the coronavirus pandemic has been evident across many industries, it appears that Canada’s construction industry
Read more
Bank of Canada Lowers Mortgage Rates to 4.79% Amid CMHC’s Warning Regarding Risky Mortgages
The Bank of Canada has decided to further decrease its benchmark five-year mortgage rate to 4.79%. This is the third
Read more
CMHC Urges Private Mortgage Issuers to Observe New Rule Changes on Borrowing Requirements
Canada’s housing authority has recently released a statement urging the country’s private mortgage lenders to refrain from issuing loans to
Read more
Canada’s Housing Starts Show a Steady Increasing Pace in June
As restrictions are gradually lifted Canadians return to work following the height of the coronavirus pandemic, preliminary housing starts data
Read more
CMHC Releases Preliminary Housing Starts Data for Month of May
The Canada Mortgage and Housing Corporation (CMHC) has recently released preliminary housing starts data for the month of May. The
Read more
CMHC Tightens Mortgage Borrowing Criteria
Recently, Canada’s housing agency has decided it will be implementing a series of measures aimed at high-risk mortgage borrowers, in
Read more
CMHC Forecasts Housing Market Will Not Recover Until at Least 2022
The Canadian Mortgage and Housing Corporation (CMHC) has recently released a forecast for the remainder of 2020 and 2021. According
Read more
CMHC Predicts Housing Prices Could Fall by 18%, Considering Reducing its Underwriting Practices
The Canadian Mortgage and Housing Corporation (CMHC) is considering reducing the number of mortgage underwriting applications the agency processes in
Read more
Canada Mortgage and Housing Corp: House Prices To Decline 9 – 18%
The Canadian Mortgage and Housing Corporation (CMHC) has recently issued an update regarding its ongoing efforts in the Canadian housing
Read more