In a recent report to the Standing Committee on Finance, Evan Siddall, CEO of the Canada Mortgage and Housing Corp. (CMHC) forecasted a decline of 9% – 18% in home prices over the next 12 months. Because of this, CMHC announced on June 4th a tightening of their...
Over the last few years, it’s been more a story about tightening rules and regulations, mitigating risk, and restricting lending practices than anything. However the Canadian Mortgage and Housing Corporation (CMHC) just announced that it looks like mortgage...
If you’ve ever wondered about what motivating factors are considered by Canadians, driving them to buy homes, here is a recent report released by the Canadian Mortgage and Housing Corporation (CMHC) that takes a look at our major metropolitan centres. Here are...