Everything You Need at Your Fingertips

CMHC is pleased to introduce two new tools designed to provide you with flexible and convenient ways to access comprehensive CMHC information anytime, anywhere.

The CMHC Mobile Kit for Mortgage Professionals

Whether you are in the office or on-the-go, the new CMHC Mobile KIT provides quick and convenient access to tools and resources relevant to today’s busy mortgage professional. [...]

Housing Prices in China Stabilize

The Chinese real estate experience in the past few years has been one of growth, increased growth and now, recently stabilized house prices.  Here we give a history of those years.

Welcome to Shanghai, China, the financial capital of the country.  It is also a hub for commerce, culture, industry and tourism.  Shanghai is a major [...]

A Property Survey is Important

A property survey is a map of the property showing the specific location of the property line and any structures, (houses, sheds,

Photo Courtesy of Steve F

 detached garages, driveways, pools fences, etc.) and easements, which are certain rights others have to access that part of the property. (An easement may exist so that utility [...]

New Mortgage Rules are New Monetary Policy Tool

Today Canada’s Federal Finance Minister Jim Flaherty introduced new restrictions to be placed on mortgages insured by the CMHC. (Those are mortgages where the homeowner contributes less than 20% of the purchase price as a down payment.) These new rules will take effect on March 19, 2011.

· Maximum Mortgage Amortization periods will be reduced from [...]

Managing Your Mortgage

What You Should Think About When Financing Your Home

If you’re like most Canadians, your home is probably the most important investment you’ll ever make. Whether

Whether you’re buying a home or refinancing your existing home, making the right decision now can help save you money and provide greater financial stability for your family in the [...]

EFFECTS OF U.S. DOLLAR PARITY

On March 17th 2010, trading of the Canadian dollar rose to just over 0.992¢ in U.S. dollars, bringing thoughts of Dollar parity with the United States.  The problems of the United States dollar are well known and documented.  Their greatest problem is the historic levels of debt in the nation.  Deficit spending is rattling the [...]

TIPS FOR OVERSEAS REAL ESTATE OWNERSHIP

Canadians are continuing to head overseas to invest in real estate.  The resilience of housing prices here and a strong Canadian dollar are making overseas investments look more attractive than those in our own nation.  It is much safer to invest in a market such as the United State or Mexico, when real estate prices in those nations [...]

BANK OF CANADA CONCERNED ABOUT CONSUMER DEBT

The Bank of Canada released its bi-annual report on Canada’s financial system.  According to the report, [and yes, I agree with it] Canada has absorbed the shock of the global recession admirably and has made some initial re-organization in order to return the nation to prosperous times.  In fact, many elements of the Canadian economy have improved,  all except [...]

MORTGAGE BASICS

Know your Mortgage ABCs

There’s a lot to consider when choosing a mortgage to finance your home. Making the right choice can save you thousands of dollars over the life of your loan. Here are some Mortgage ABCs that you should consider, including some key factors in determining how quickly you can pay down your mortgage [...]