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
CMHC finds strong evidence of problematic conditions in Toronto’s housing market
The Canada Mortgage and Housing Corporation (CMHC) released its 2016 Q1 Housing Market Assessment (HMA) report, announcing evidence of overvaluation and overbuilding across 15 major housing markets in Canada, including Toronto's housing market. In eight
CMHC Increasing Mortgage Insurance Premiums
Effective May 1, 2014, the Canada Mortgage and Housing Corporation (CMHC) will be increasing its mortgage insurance premiums after the annual review of their insurance product and capital requirements.Those affected include owner occupied units,
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
CMHC Housing Starts for February 2014
The Canada Mortgage and Housing Corporation (CMHC) released its report on February’s housing starts in Canada, with figures that stay true to last month’s prediction of a stabilization throughout 2014.For February 2014, housing starts in Canada were
CMHC Predicts Housing Starts to Stabilize Through 2014 and 2015
By Penny MunozThe latest report from the Canada Mortgage and Housing Corporation (CMHC) predicts that Canadian home builders will likely decrease the number of housing starts in the next couple years as demand from first-time buyers declines and interest
CMHC predicts that national housing starts will slow in 2016 and 2017
The Canada Mortgage and Housing Corporation (CMHC) released its second quarter Housing Market Outlook (HMO), announcing that they expect housing starts on a national level to slow in 2016 and 2017, and that MLS activity will reflect renewed economic
CMHC release housing statistics
The Canadian Mortgage and Housing Corporation released its November Housing Statistics.
CMHC Cooling the Housing Market
On the morning of August 6, 2013, the Globe and Mail published an article online about the Canadian Mortgage and Housing Corporation (CMHC) making a move to “take the steam out of the housing market.”The big changeUnder the National Housing Act (NHA),
Ontario housing starts stable thanks to strong demand in new home market
The Canada Mortgage and Housing Corporation (CMHC) released its housing starts data for September 2017, announcing that the trend decreased for the first time in many months. National housing starts trended at 214,821 units, which is slightly lower than
