mortgage insurance News and Articles | My Blog
Insured mortgage levels way down in 2018
11/5/2018 | Posted in Mortgages and Real Estate by Paul DeAdder
Updated numbers from the Bank of Canada showed that the balance of insured mortgage debt suffered its largest decline in history.
... MoreProposed mortgage stress test unnecessary and harmful: Fraser Institute
10/11/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.
... MoreInsured mortgage market has decreased: CMHC
8/30/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
The market for insured mortgages has decreased due to new regulations introduced at the end of 2016.
... MoreRisk sharing could be negative for housing, mortgage market
7/31/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
If the federal government forces mortgage lenders to carry more of the risk for delinquencies it could have a negative impact on the housing market and lead to an increase in ... More
CMHC insurance volumes plunged 41% after mortgage rules tightened
5/30/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.
... MoreMortgage premium hikes reduce case for borrowing to boost down payment
3/20/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ... More
CMHC mortgage insurance hike scheduled for this month
3/8/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
The Canada Mortgage and Housing Corp. has announced that it will be implementing a hike on the premiums on its insured loans, with the increases calculated based on down ... More
Canada's banks are pushing back against taking on more mortgage risk
3/1/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada's financial industry is urging Ottawa to consider alternatives to proposals that could require them to take on a greater share of mortgage defaults — calling ... More
Lending market to slow down noticeably in the next few years: CIBC
2/17/2017 | Posted in Mortgage News by Paul DeAdder
The Canadian lending market will enter a period of relative cooling in the next few years as far-reaching changes to mortgage rules finally begin to make themselves felt, ... More
Mortgage insurance premiums hiked once again
1/17/2017 | Posted in Mortgages and Real Estate by Paul DeAdder
CMHC announced early Tuesday it is increasing its loan insurance premiums effective March 17.
... MoreCMHC insured mortgages increase 26 per cent, home equity rises
11/30/2016 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada Mortgage and Housing Corp., the Crown corporation that controls about half of the mortgage default insurance market in the country, continues to shrink its ... More
CMHC passes stress test extreme scenarios
11/17/2016 | Posted in Mortgage News by Paul DeAdder
Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios.
... MoreMortgage insurance premiums set to rise
11/14/2016 | Posted in Mortgage News by Paul DeAdder
Homeowners could be facing mortgage insurance price increases next year according to the boss of Canada’s largest private mortgage insurer.
... MoreOttawa looks to shift some mortgage loan default risks from taxpayers to banks
10/24/2016 | Posted in Mortgages and Real Estate by Paul DeAdder
The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to ... More
Canada's mortgage brokers find ways around new lending rules
10/21/2016 | Posted in Mortgages and Real Estate by Paul DeAdder
Canada’s new mortgage rules risk pushing borrowers deep into the shadow lending market, with brokers set to line up secondary loans with private lenders as a means of ... More
New rules will cool down mortgage market, not home prices
10/7/2016 | Posted in Mortgage News by Paul DeAdder
The dynamism of the Canadian mortgage market itself might be at risk due to the tighter regulations announced by Finance Minister Bill Morneau earlier this week, an observer ... More
Genworth: One-third of mortgage consumers at risk due to new measures
10/7/2016 | Posted in Mortgage News by Paul DeAdder
Fully one-third of consumers would encounter difficulties in meeting the new debt service ratios as outlined by the tightened mortgage measures introduced by Finance Minister ... More
Common real estate scams and how to avoid them
10/4/2016 | Posted in Home Owners by Paul DeAdder
For most people, buying a first house or condo is exciting and a big leap into adulthood. But it doesn’t take long for the cold hard reality of mortgage payments, taxes ... More
One big bank predicts rate hold until 2019
9/28/2016 | Posted in Mortgage Interest Rates by Paul DeAdder
TD Bank forecasts the Bank of Canada overnight target rate will remain unchanged until 2019.
... More1 million Canadians would struggle with interest rate rise: TransUnion
9/14/2016 | Posted in Mortgage News by Paul DeAdder
Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise.
... MoreFreedom from your mortgage? You'll pay for that
8/22/2016 | Posted in Mortgage Advice by Paul DeAdder
After you make the final payment on your mortgage, you have to cough up one more time to be free and clear.
... MoreCanada Needs Fund to Shield Against Mortgage Meltdown: C.D. Howe
7/8/2015 | Posted in Real Estate Market by Paul DeAdder
Canada needs to be better prepared to weather a housing crash that would leave taxpayers and mortgage insurers on the hook, according to a report.
... MoreCMHC goes from insuring 90% of new mortgages to only 50% ? and that's as low as it plans to go
5/29/2015 | Posted in Mortgage News by Paul DeAdder
Canada’s national housing agency says it’s now insuring a record low 50 per cent of new residential mortgages, and it doesn’t intend to let it drop any ... More
