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by Jeremy
Both CMHC and Genworth announced identical mortgage insurance premium hikes yesterday, which is causing a bit of panic, but in reality this change equates to a small amount of money for homeowners and borrowers. The premium increase will bring the rate from 3.6 per cent to 4 per cent, coming into effect March 17, 2017. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” said Steven Mennill, Senior Vice-President, Insurance. “Overall, the changes will preserve competition in the mortgage loan insurance industry and contribute to financial stability.” [CMHC] For the average mortgage-insured homebuyer, this…
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Posted by Jeremy
Navigating the real estate market for the first time can be tricky, but if you’re also new to…
Posted by Jeremy
Around this time of year, people are looking to save money wherever they can, including their mortgages. Some…
Posted by Jeremy
The mortgage industry has been abuzz this past month with major changes taking place and other notable news.…
Posted by Jeremy
Millions of Canadians have mortgages (approximately 5.7-million), so you could be one of the many who will be…
Posted by Jeremy
Earlier this week, Canada Mortgage and Housing Corporation (CMHC) released their quarterly financial report on earnings and trends.…
Posted by Jeremy
Today, Equifax announced that delinquency rates in Alberta have climbed, mainly due to the economic impact of the…
Posted by Jeremy
CMHC released its annual Mortgage Consumer Survey today, which unveils the home buying and mortgage behaviours of Canadians.…
Posted by Jeremy
November is Financial Literacy Month in Canada, so all month long my blog will be featuring tips and…
Posted by Jeremy
A study released by Statistics Canada, illustrates the gap in financial literacy that lies within Canada, among a…
Posted by Jeremy
Mortgage fraud, both reported and unreported, is seemingly on the rise in Canada, after several reports and news…
Posted by Jeremy
Genworth Canada reported this week that cases of mortgage fraud are down in Canada, thanks largely in part…
Posted by Jeremy
In case you missed all the buzz about it this morning, the Bank of Canada has cut their…
