Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
Despite slowing volumes, First National expects to remain above pre-pandemic levels Aug 3rd
First National Financial saw a second consecutive month of slowing mortgage originations in Q2 as rising interest rates continue to impact the housing market..... More »
Buying a home? Here’s how to decide how much to put down Oct 22nd
Should you put the minimum down, leaving you more for moving expenses or the maximum to reduce your mortgage payments?.... More »
Where to Buy Real Estate in Canada 2026: Greater Toronto Area May 6th
From Blue Jays games at Rogers Centre to weekend hikes in the Rouge Valley, life in the GTA moves at whatever pace you set. Home to more than seven million people, the Toronto region’s high price tags kept many buyers on the sidelines. But as the market recalibrates, a window is opening fo.... More »
Housing market slowdown continues with sales and average prices well down from last year - CBC News + MORE Oct 14th
Housing market slowdown continues with sales and average prices well down from last year CBC NewsReal estate: Canadian home sales continue to slow CTV NewsCREA reports home sales in typically busy September continued to slow NewmarketToday.caCanada’s average home p.... More »
CMHC reports annual pace of housing starts in April up from March May 18th
Canada Mortgage and Housing Corp. says the annual pace of housing starts for April rose 17% compared with March..... More »
Stricter regulations aimed at tightening mortgage lending to take some of the risk out of the market will be finalized by the end of the month, the federal financial regulator said Tuesday.
CMHC looks to Airbnb in bid to boost withering supply of affordable rental units
– canadianbusiness.com
OTTAWA _ Canada’s housing agency is looking to an unlikely ally in a bid to boost the stock of affordable rental housing: Airbnb.
The head of the Canada Mortgage and Housing Corp., says he believes short-term rental companies like Airbnb and Vacation Rental By Owner (VRBO) could help increase the rental supply in the country and, in turn, possibly reduce rents.
The government’s upcoming national housing strategy will have a heavy focus on increasing the supply of affordable housing options, including rental units and Airbnb alone offers the potential for tens of thousands of units.
CMHC chief executive Evan Siddall said his agency recently approached Airbnb, the largest such service in Canada, to see if there are ways to turn those short-term rentals into apartments available to locals to rent for longer terms. He cautioned that it was still early days with a lot of details yet to work out.
“I think VRBO and Airbnb should get ahead of this, because they could be giving us some social utility by helping us spawn supply,” Siddall said in a recent interview with The Canadian Press…
The head of the Canada Mortgage and Housing Corp., says he believes short-term rental companies like Airbnb and Vacation Rental By Owner (VRBO) could help increase the rental supply in the country and, in turn, possibly reduce rents.
The government’s upcoming national housing strategy will have a heavy focus on increasing the supply of affordable housing options, including rental units and Airbnb alone offers the potential for tens of thousands of units.
CMHC chief executive Evan Siddall said his agency recently approached Airbnb, the largest such service in Canada, to see if there are ways to turn those short-term rentals into apartments available to locals to rent for longer terms. He cautioned that it was still early days with a lot of details yet to work out.
“I think VRBO and Airbnb should get ahead of this, because they could be giving us some social utility by helping us spawn supply,” Siddall said in a recent interview with The Canadian Press…
Get Ready! The 2017 National Mortgage Conference is Quickly Approaching
– canadianmortgagetrends.com
The countdown has started to the largest and most important annual gathering of mortgage professionals in the country. In less than 60 days, industry professionals will converge upon Niagara Falls for Mortgage Professionals Canada’s National Mortgage Conference. The two-day conference takes place on November 26 and 27 and will feature networking and educational sessions, industry-specific […]
CHMC explores cutting red tape for self employed borrowers
– moneysense.ca
OTTAWA — The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can afford to pay the mortgage.
“Right now, under our mortgage insurance policies, you have to be able to document income to get mortgage insurance, to a level of specificity that discriminates against new Canadians, because they can’t do that,” Evan Siddall, the CEO of the Canada Mortgage and Housing Corp., said in a wide-ranging interview with The Canadian Press.
READ: Should you use RRSPs to pay down the mortgage?
“It discriminates against entrepreneurs, as well, because they can’t prove their income as well, so we’re looking at our own policies to try and make sure that there is more equity in our mortgage insurance programs,” he said.
Anyone who wants to buy a home in Canada without a down payment of at least 20 per cent of the purchase price is usually required to get mortgage loan insurance from the CMHC, which requires a smaller down payment of five per cent on a home worth up to $500,000…
“Right now, under our mortgage insurance policies, you have to be able to document income to get mortgage insurance, to a level of specificity that discriminates against new Canadians, because they can’t do that,” Evan Siddall, the CEO of the Canada Mortgage and Housing Corp., said in a wide-ranging interview with The Canadian Press.
READ: Should you use RRSPs to pay down the mortgage?
“It discriminates against entrepreneurs, as well, because they can’t prove their income as well, so we’re looking at our own policies to try and make sure that there is more equity in our mortgage insurance programs,” he said.
Anyone who wants to buy a home in Canada without a down payment of at least 20 per cent of the purchase price is usually required to get mortgage loan insurance from the CMHC, which requires a smaller down payment of five per cent on a home worth up to $500,000…
