Posts tagged ‘mortgage rule changes’
Monday Morning Interest Rate Update for May 25, 2020
Last week, CMHC CEO Evan Siddall floated the idea of increasing the minimum down payment required to purchase a residential property from 5% to 10%. Here is my take.
Monday Morning Interest Rate Update for April 13, 2020
Last week we learned that our economy lost more than 1 million jobs in March. As the significant economic impacts of the lockdown begin to take form, now seems like a good time to speculate on how lenders will adapt their mortgage lending policies to the new reality.
Monday Morning Interest Rate Update for September 30, 2019
In today’s post I turn my attention to a key issue for voters in our upcoming federal election: housing affordability.
Mortgage Rules Changes for 2011: What They Are, Why They Matter and How They’ll Be Good For Us…in a Brussel Sprouts Sort of Way
Last Updated on November 9th, 2017
When the federal government recently announced changes to CMHC’s rules for high-ratio mortgage insurance, most of my colleagues voiced strong opposition. I respectfully disagree with their assessments, and in today’s post I tell you why.