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
The highlights of CMHC’s First-Time Homebuyers Survey
The Canada Mortgage and Housing Corporation (CMHC) has released the results of its 2015 First-Time Homebuyers Survey. The survey was conducted online last April and there were 788 participants from across Canada. They had all purchased their first home
CMHC Predicts a Soft Landing for Canada’s Housing Market
The Canada Mortgage and Housing Corporation (CMHC) released its Housing Starts report for April 2014, predicting a soft landing for Canada’s housing market.National housing starts were trending at 183,515 units in April, compared to 184,602 in March.
CMHC Reports Stable Housing Starts for 2014
Recently, the Canada Mortgage and Housing Corporation (CMHC) posted a report predicting stable housing starts and rising MLS prices and sales for 2014. High employment and migration continue to be the main pillars supporting the Canadian housing
Overvaluation still a big problem for Toronto’s housing market, says CMHC
The Canada Mortgage and Housing Corporation (CMHC) released its latest Housing Market Assessment (HMA), announcing that overvaluation and overbuilding is still prevalent in Canada’s major housing markets. Toronto CMA’s housing market is showing
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
CMHC: Housing Starts Remain Stable Through June 2014
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts figures for June 2014, reporting that housing starts in Canada were trending at 185,939 units. This is a slight increase from the 184,019 units in May 2014.The trending figure
CMHC Housing Starts for December 2013
The Canada Mortgage and Housing Corporation (CMHC) released its first report of 2014, focusing on December 2013 housing starts.Last December, Canadian housing starts were trending at 195,760 units, compared to 196,430 in November. This is a six-month
CMHC Condo Buyer’s Guide Revised
By Penny MunozIf you’re looking to invest in a condominium, make sure you take a look at the updated Canada Mortgage and Housing Corporation (CMHC) Condominium Buyer’s Guide. The guide sets out to help potential homebuyers determine whether condominium
CMHC president defends the mortgage stress test
Is it true that the mortgage stress test doesn’t really have unintended consequences? That’s what Evan Siddall, the president and CEO of Canada Mortgage and Housing Corporation, believes.
