Mortgage

Conservative leader Andrew Scheer's pledge to extend mortgage amortization maximums for some homebuyers and loosen a contentious stress test would likely lead to more debt and higher property prices, some experts say.''Oh my god,…

Real estate associations representing nearly three-quarters of the realtors in Canada have called for federal parties to commit to ease mortgage rules as the election campaign gets underway.Organizations representing realtors and…

Brookfield Business Partners L.P. has announced an agreement to acquire an aggregate of 48,944,645 common shares of Genworth MI Canada Inc. The shares represent an approximate 57 per cent controlling interest in the business, from Genworth…

OTTAWA – The Bank of Canada has lowered the rate used by mortgage stress tests to determine whether would-be homeowners can qualify, marking the first drop in three years.The central bank's five-year benchmark qualifying rate is now…

The Ontario Real Estate Association's (OREA) chief executive officer, Tim Hudak, in a letter sent today to the House of Commons Standing Committee on Finance, is calling for less stringent mortgage rules – taking aim at comments made by…

An increasing number of homeowners turned to alternative lenders last year, while new mortgage growth reached its slowest pace in more than a quarter of a century amid government interventions aimed at cooling the housing market, according…

According to the first Residential Mortgage Industry Report released by Canada Mortgage and Housing Corporation (CMHC), recent mortgage regulations, rising interest rates and a softening Canadian housing market contributed to a general…

For the first time, Statistics Canada has published data from the quarterly Survey of Non-Bank Mortgage Lenders. These lenders held 1.7 million residential mortgages in the fourth quarter of 2018, two-thirds of which were uninsured.…

This week, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), announced the details of the First-Time Home Buyer Incentive,…

OTTAWA – A new federal program aiming to give homebuyers some help covering their mortgage costs will kick in on Labour Day – weeks before a federal election – with the first payments flowing in early November, just days after voters across…