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Tag Archives: CMHC
One leading economics professor is calling on CMHC to disclose details about the level of risk in its portfolio — something the Crown corporation deems “sensitive” information. “They used this as an excuse to cloak what they were doing,” Dr. … Continue reading
Effective May 1, 2014 CMHC will Increase Mortgage Insurance Premiums Loan-to-Value Ratio Standard Premium (Current) Standard Premium (Effective May 1st, 2014) Up to and including 65% 0.50% 0.60% Up to and including 75% 0.65% 0.75% Up to and including 80% … Continue reading
For the past few years, we’ve all been talking about the changes to amortization periods and how that affects housing affordability. Now, CMHC has issued new guidelines for calculating debt service ratios. Stricter Debt Ratio Standards on the Way.
Whether that insurance is offered by CMHC,
In another mandate by the OFSI federally regulated lenders will eliminate Cashback Down Payments. Lenders, such as credit unions, who are provincially, not federally, regulated may still approve these mortgages. However, CMHC spokesperson Charles Sauriol stated “CMHC supports the implementation … Continue reading
Another awesome article from the folks at canadianmortgagetrends.com. Here are their 20 observations of the New Mortgage Rules.
CMHC is pulling back the reins on numerous products, especially rental, self-empoyed / stated income mortgages. This is partly due to OSFI’s guidelines, and partly due to CMHC’s $600B insurance limit. As of September 30, 2011, CHMC disclosed that it … Continue reading
New Housing starts in June are up 100% compared to June 2010.