Extended Amortization Now Comes at an Even Higher Cost with Revised Insurance Premiums
Earlier this year, the Canadian government unveiled a new policy allowing 30-year amortization periods for insured mortgages, aimed at first-time
Read more
CMHC
Liberals To Enable 30-Year Amortization Period On CMHC Insured Mortgages
Canada’s Liberal government has decided that the easiest way to make housing more affordable for Canadians is to extend permitted
Read more
Canadian Rental Market Hits Record Low Vacancy Rates
In a recently released Rental Market Report (RMR), the Canada Mortgage and Housing Corporation (CMHC) sheds light on the challenges
Read more
CMHC Head Romy Bowers to Step Down by Year End
Romy Bowers, President and Chief Executive Officer of the Canada Mortgage and Housing Corporation (CMHC), has announced her resignation from
Read more
Canada Sees Housing Starts Improve 3.9% In September
Canada witnessed an uptick in housing starts for September, with the trend showing 254,006 units, a 3.9% increase from 244,511
Read more
Canadian Housing Starts Trend Line Rises Again in July
It appears that construction intentions across Canada’s real estate market still remain robust amid the high interest rate environment. According
Read more
CMHC: Housing Starts See Major Boost in June Thanks to Construction Activity in Toronto and Vancouver
Canada’s housing sector saw a substantial uptick in June, reversing a months-long declining trend. According to the CMHC, the standalone
Read more
CMHC Rings Alarm on Canada’s Deteriorating Housing Affordability
Canada Mortgage and Housing Corporation (CMHC) chief economist Bob Dugan expressed concerns over the deteriorating affordability of Canada’s housing market,
Read more
CMHC: Housing Starts Plummet 23% in May
The CMHC on Thursday reported that housing starts across Canada decreased by 23% in May, from 261,357 units in April.
Read more
CMHC: Mortgage Debt in Canada Surpasses $2 Trillion Amid Economic Headwinds
According to the CMHC’s Residential Mortgage Industry Report, Canada’s residential mortgage debt rose by 6% to $2.08 trillion in January
Read more