Featured
7 August 2013
New CMHC Rules will Result in Higher Mortgage Rates
It’s widely known that mortgages backed by CMHC are largely default-proof on the part of the lender, because they’re guaranteed by the Crown organization. It’s also known that CMHC has been nearing its limit for mortgage insurance, and that Finance Minister Jim Flaherty has no interest in increasing that limit at all. Now, the pressure…
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8 July 2013
CMHC Clears Things Up
You can’t go anywhere these days without hearing about the mortgage rules imposed across the nation last year. But with those rules came some debt ratio standards that weren’t exactly clear. Or not as clear as CMHC would have liked, anyway. To that end they’ve now defined those standards even more, and that could make…
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