By: Yasir Khan

CMHC Increasing Mortgage Insurance Premiums in March

Tags: Mortgage Insurance

CMHC Increasing Mortgage Insurance Premiums in March CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a h...Read More

By: Yasir Khan

Summarized are the four changes below to take place effective October 17, 2016

Tags: .

Breaking News... Canadian Government has announced four major changes for mortgage rules.    Summarized are the four changes below to take place effective October 17, 2016: 1) All Insured mortgages (mortgages with less than 20% down, plus all mortgages which are insured by the lender) will now be qualified using the Bank of Canada rate of 4.64% instead of the actual ra...Read More

By: Yasir Khan

Toronto Real Estate Trends In 2017

Tags: Toronto

  Toronto Real Estate Trends In 2017: What’s In Store For Housing Prices? While the overall real estate market in Canada is expected to slow down in 2017, experts predict that the situation in Toronto will be more complex. Though demand for housing may decrease slightly, the area’s house prices should keep gaining momentum. Initial reports (notably The Royal LePage House Price S...Read More