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NEW CMHC PREMIUMS

CMHC/Genworth/Canada Guaranty Increases Their Premium AGAIN If you’re in the market for an insured mortgage, then you might want to get that mortgage before March 17. Canada Mortgage and Housing Corporation (CMHC) is raising premiums for insuring mortgages on Canadian homes for the third time in three years. Canadian homebuyers are required to have mortgage…

CHANGES TO UNDERWRITING GUIDELINES

On November 30, 2016 the Federal Government implemented their last set of mortgage underwriting changes. The purpose for the changes was to make borrowing more difficult and to slow down real estate investment in Canada. These changes may have had a greater  impact than what the Federal Government had intended and there could be revisions…

MARKET UPDATE – Fall 2015

MARKET UPDATE – SEPTEMBER 2015 Greetings From Vancouver “The New Sunny California”!   Well, to put it simply, the Vancouver real estate market has been as hot as the weather this year. As usual, there are a variety of expert opinions and reports coming out about the future of Vancouver Real Estate. What’s different about…

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