Category: Mortgage News

CMHC Down Payment Loan

June 19, 2019 
Saving for a down payment can be challenging.   A new CMHC first time home buyers down payment loan, to assist towards your down payment, is launching soon.  Learn more about the new CMHC down payment loan here.   CMHC Down Payment Loan   The loan program will begin in September for mortgages closing November […]

CMHC First Time Home Buyer Incentive

June 18, 2019 
This past Monday, the government shared the details of the new CMHC first time home buyer incentive.  The incentive can help home buyers towards the down payment up to 10% of the price of a home.   CMHC First Time Home Buyer Incentive   If certain criteria is met, CMHC can contribute up to 10% […]

CMHC defends the mortgage stress test

June 13, 2019 
The CEO of CMHC (Canadian Mortgage and Housing Corporation) strongly defends the mortgage stress test.  This comes at a time when there are calls for the stress test to be changed.  The CEO feels that the stress test is, “doing what it is suppose to do”.  The CEO said that they need to “look past […]

The new mortgage rules and how they will affect you

January 22, 2019 
The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry this past Tuesday. The new rules will come into effect January 1st, 2018.  Learn more here about the new mortgage rules and how they will affect you.   What are the new mortgage rules?   The new mortgage rules   […]