The Canadian bank regulator takes steps to avoid bank bailouts.
All tagged Mortgage Rules
Rental Mortgage Rule Changes Could Trigger Major Shift for Canadian Property Market
Individual rental investors will become a smaller share of the market.
Why mortgage defaults don't help predict a housing correction
Mortgage delinquencies and defaults are terrible predictors of housing market corrections.
Government Mortgage Agency (CMHC) Tightens Mortgage Rules
Government agency reduces its risk appetite.
How will mortgage rates affect the housing market in 2019?
Key forces are aligning to push home prices down in Vancouver and Toronto.
Interest Rate Forecast
There have been some updates to interest rate forecasts since our last review of rates in December. The overall trend is upward but there are differing opinions on how high rates will rise.
Watch out for Mortgage Regulation Part 2
A mortgage regulatory change that hasn’t been talked about much in the media but it will likely impact Toronto, Vancouver, Victoria, and Hamilton, especially if condo prices continue to climb. It asks lenders to loan less in markets with high property value risk.
New Mortgage Stress Test – The Impact to Home Buyers
The new mortgage stress test which came into effect January 1st makes it more difficult for Canadians to qualify for a mortgage, and the combination of rising rates and the new stress tests could force home buyers to come up with significantly higher down payments than 2017.