cmhc News and Articles | My Blog
CMHC says risks remain in mortgage market as delinquencies creep up
11/4/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's housing agency says risks remain in the mortgage market as over a million contracts are up for renewal next year while a growing share of new mortgages are being ... More
Canada's 30-year mortgage option has officially launched
8/2/2024 | Posted in First Time Home Buyers by Paul DeAdder
The Canada Mortgage and Housing Corporation (CMHC) has officially launched Home Start, a 30-year mortgage option for first-time homebuyers purchasing newly constructed homes. ... More
Residential mortgage debt hits $2.16 trillion amid slowest growth in 23 years: CMHC
5/29/2024 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada Mortgage and Housing Corp. says the country’s total residential mortgage debt totalled $2.16 trillion as of February this year, up 3.4 per cent year-over-year and ... More
Home prices could hit peak levels by next year, set new highs in 2026: CMHC report
4/5/2024 | Posted in Canadian Housing Market by Paul DeAdder
The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.
... MoreCanada homebuilding down for third year, housing agency predicts
4/4/2024 | Posted in Canadian Housing Market by Paul DeAdder
Canadian homebuilders are expected to dial back new construction for a third straight year in 2024 as elevated borrowing costs reduce the appeal of starting projects, ... More
Housing starts increase in February
3/18/2024 | Posted in Canadian Housing Market by Paul DeAdder
Canada Mortgage and Housing Corporation (CMHC) has reported an increase in the pace of home construction across the country.
... MoreCMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools
3/2/2024 | Posted in Home Buyers by Paul DeAdder
The federal government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program as of March 21.
... MoreCMHC chief: Longer amortizations will not ensure housing affordability
6/20/2023 | Posted in Mortgages and Real Estate by Paul DeAdder
Policymakers can take more concrete steps to alleviate consumer worries, national housing agency head says
... MoreCMHC expands Insured Mortgage Purchase Program
3/26/2020 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada beefs up liquidity plan with expanded mortgage guarantee
... MoreGovernment announces new mortgage buying program
3/17/2020 | Posted in Canadian Economy and Housing Market by Paul DeAdder
The Canadian government has announced a further measure to mitigate the impact of the COVID-19 crisis and to help maintain stability in the financial system.
... MoreCanadian housing starts unchanged in January
2/10/2020 | Posted in Canadian Housing Market by Paul DeAdder
The national trend in housing starts essentially held steady in January.
... MoreCanadian housing starts trended lower in December
1/10/2020 | Posted in Canadian Housing Market by Paul DeAdder
There was a decline in the 6-month moving trend in Canadian housing starts in December.
... MoreCanadian housing starts were flat in November says CMHC
12/10/2019 | Posted in New Developments by Paul DeAdder
There were some slight increases but the 6-month trend was essentially unchanged
... MoreCanadian housing starts have decelerated somewhat
10/9/2019 | Posted in Canadian Housing Market by Paul DeAdder
The pace of housing starts nationwide in September was considerably slower compared to the August output, according to new data from the Canada Mortgage and Housing Corp.
... MoreGTA largely responsible for house flipping in the Waterloo region
8/19/2019 | Posted in Ontario Real Estate by Paul DeAdder
Real estate flipping in the Waterloo region is mostly committed by investors from the Greater Toronto Area, according to a new report by Canada Mortgage and Housing ... More
Central bank qualifying rate used in mortgage stress tests falls
7/21/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Bank of Canada's rate used by mortgage stress tests to determine whether would-be homeowners can qualify has dropped for the first time in three years.
... MoreOREA calls for relaxed mortgage rules
7/18/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp.
... MoreAlternative lenders increase share of slowing Canadian mortgage market: CMHC
7/17/2019 | Posted in Mortgages and Real Estate by Paul DeAdder
An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid ... More
Despite new details, First-Time Home Buyer Incentive is flawed
6/18/2019 | Posted in First Time Home Buyers by Paul DeAdder
While more details about the First-Time Home Buyer Incentive were released this week, there remains a glaring problem.
... MoreFirst-Time Home Buyer Incentive To Launch In September
6/18/2019 | Posted in Home Buyers by Paul DeAdder
The incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a ... More
Price growth expectations and financial risk: top influences for homebuyers
6/13/2019 | Posted in Home Buyers by Paul DeAdder
Three quarters of homebuyers in three of Canada's largest housing markets are not willing to take financial risks when buying a home, ... More
Canadian housing starts trend decreased in May
6/11/2019 | Posted in Canadian Housing Market by Paul DeAdder
The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC).
... MoreHousehold debt at a record high, senior mortgages increase
5/23/2019 | Posted in Financial Health by Paul DeAdder
Canadian households continued to pile up debt in the fourth quarter of 2018 according to a new report from CMHC.
... MoreCanadian housing starts trend increased in April
5/9/2019 | Posted in Canadian Housing Market by Paul DeAdder
On the national level, the housing starts trend went up in April, according to the Canada Mortgage and Housing Corporation’s latest report.
... MoreCanada's housing markets not as vulnerable as prices fall more than 5%
5/2/2019 | Posted in Canadian Housing Market by Paul DeAdder
For 1st time in 2.5 years, Canada Mortgage and Housing Corporation rates market as only moderately vulnerable
... MoreCMHC releases statement on Liberals' mortgage plan
4/4/2019 | Posted in Home Buyers by Paul DeAdder
Canada's housing agency says new spending measures aimed at helping first-time buyers afford homes won't push prices up more than a few tenths of a percentage ... More
First Time Home Buyers Get Help: Federal Budget Highlights
3/19/2019 | Posted in Canadian Housing Market by Paul DeAdder
Budget offers an array of incentives aimed at first-time homebuyers, raises the limit on tax-free RRSP withdrawals.
... MoreCanada's housing market still 'vulnerable' even as Toronto valuations cool, says CMHC
2/8/2019 | Posted in Canadian Housing Market by Paul DeAdder
The country’s overall real estate market remains “vulnerable” despite an easing in overvaluation in cities like Toronto and Victoria in the third quarter, ... More
12/17/2018 | Posted in Canadian Economy and Housing Market by Paul DeAdder
The prospect of interest rate hikes is particularly daunting for residents of Toronto and Vancouver—two cities with debt levels well above the national average.
... MoreCanadian Housing Starts Trend Increases in November
12/12/2018 | Posted in Canadian Housing Market by Paul DeAdder
The trend in housing starts was 210,038 units in November 2018, compared to 206,460 units in October 2018, according to Canada Mortgage and Housing Corporation ... More
