Featured
16 October 2013
A Different Kind of Default
We thought we had heard the last of the problems caused by the mortgage rules that were instated last year. But for some condo buyers, the problems are just starting. Those problems come in the form of pre-approvals, some of which were obtained as long ago as 2009, and how borrowers can no longer afford…
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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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