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Latest News
CMHC Makes Dividend Payments to Government: What are They and Who do They Help? + MORE Apr 5th
Starting in 2017, the Canada Mortgage and Housing Corporation (CMHC) has been making both special and regular dividend payments to its shareholder, the Government of Canada. The largest sum was for $4-billion in June 2017, which was spread over two years. At that time they announced the impl.... More »
‘Strike Out Cancer’ goes national as mortgage industry aims to raise $1M in 2026 + MORE Jan 14th
The annual bowling fundraiser is growing from a Toronto event into a 14-city campaign, with the mortgage industry aiming to raise $1 million for cancer research this year..... More »
Latest in Mortgage News: Despite Challenges, Majority of Canadians Plan to Buy a Home Jan 22nd
Despite quickly rising home prices and the uncertainty unleashed by the COVID-19 pandemic, a majority (80%) of Canadians still believe home ownership is a good investment.... More »
The latest in mortgage news: OSFI has no plans to loosen the stress test Sep 17th
Despite today's mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada's banking regulator said no changes to the stress test are imminent..... More »
Canadians Need Guidance With Their Mortgages + MORE Oct 3rd
That’s the takeaway from a national survey released this week by Rates.ca, which found half of Canadians aren’t aware of the mortgage options available to them. Not only that, but Canadians are lacking in some other basic mortgage trivia, with an astounding 9 out of 10 respondents not kn.... More »
Federal Finance Minister Bill Morneau says he is not considering imposing stress tests on private mortgage lenders.
Morneau: No Stress Test for Private Lenders
– canadianmortgagetrends.com
Finance Minister Bill Morneau denied reports that his government is planning new regulations aimed at private mortgage lending. “I’m not currently considering any stress tests on private mortgage lenders,” he told reporters on Monday. “We’re always looking at the entire mortgage space to make sure we have a system that is providing the adequate protections […]
Canada’s biggest bank says it regrets an error that caused it to mischaracterize some of its mortgages as being on an accelerated payment plan even though they were not.
