Syndicate
Subscribe to this site's RSS feed.
Tag Archives: CMHC
Suite Income: New CMHC Rule Allows 100% of Rental Income for Mortgage Qualification
September 28, 2015 is the date that Canada Mortgage and Housing Corporation (CMHC) will start allowing 100% of rental incomes from legal secondary suites to be used when qualifying for a mortgage. Currently CMHC allows 50%. The move is meant … Continue reading
Is Canada’s housing market in a bubble?
Talk about varying opinions. The Globe and Mail’s real estate reporter Tamsin McMahon analyses seven ways the Canadian housing market is measured – and explains why some assessments are better than others. “Is Canada’s housing market in a bubble? The … Continue reading
Posted in First Time Home Buyer, General
Tagged Bank of Canada, Bubble, Canada, CMHC, Company of Women, Globe & Mail, Housing Market, TD Bank
Leave a comment
Going, Going, Gone…
On May 30, 2014, Canada Mortgage and Housing Corporation will be discontinuing its “Second Home” and “Self-Employed Without 3rd Party Income Validation” mortgage insurance products. Self-employed Canadians can still qualify for CMHC insured financing through CMHC homeowner products with a … Continue reading
Posted in General
Tagged CMHC, mortgage broker, mortgage loan insurance, Tracy Irwin
Leave a comment
The Tightening of Debt Ratio Standards
…and you thought December was traditionally the month we celebrate with food, frolic and frothy frappuccinos. Well, not this year! This year, on December 31, CMHC will tighten our belts for us by minimizing loopholes, clarifying and implementing the new … Continue reading