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CMHC to increase mortgage insurance premiums in March 2017

CMHC to increase mortgage insurance premiums in March 2017

by Geri Janes | Jan 17, 2017 | Announcements, Blog, CMHC, Homeownership

The Canadian Mortgage and Housing Corporation announced this morning that they will be increasing mortgage insurance premiums on March 17th 2017. They were quick to outline that the changes would only amount to roughly a $5 increase per month for borrowers. Which was...
Are rates finally going up?

Are rates finally going up?

by Geri Janes | Nov 15, 2016 | Announcements, Blog, Economy, Homeownership, Mortgage

Unprecedented low interest rates in Canada have been the norm for years. Now, it appears the Canadian government by way of rule changes, and the American government by way of Trump, are impacting mortgage rates. Simply put, the Canadian government has recently made it...
Creating stability in the Canadian housing market

Creating stability in the Canadian housing market

by Geri Janes | Oct 3, 2016 | Announcements, Blog, Economy, Homeownership

This morning, Finance Minister Bill Morneau announced new housing measures to alleviate risk in the Canadian housing market. The measures include: Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress test. Closing tax loopholes...
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