Skip to content
  • Institutions
  • About
  • Rate ForecastNew
logo

Tag: CMHC

Canada

From $4 Billion To ? Canadian Insurer Stops Disclosing Underwater Mortgages

August 30, 2023

One of Canada’s Big 3 mortgage insurers is no longer publicly sharing its underwater exposure. Canada Guaranty quietly dropped the value of mortgages with negative equity in its latest data, as first reported by the Globe. Is the private insurer, backstopped by taxpayers, hiding a public concern? Let’s take a quick dive into the issue, […]

Continue Reading
Canada

Canadian Housing Starts Surge 41%, But Government Targets Are Still Unrealistic: BMO 

July 19, 2023

Canada’s real estate developers are pushing forward despite less-than-ideal conditions. CMHC data reveals June housing starts made the biggest jump in a decade. Even with the jump, the general trend has been fewer housing starts, despite the booming population growth. At least one of Canada’s largest banks has stated the country’s goal to double output […]

Continue Reading
Canada

Canadian Mortgage Rates Pull Back Ahead of Spring Market

March 27, 2023

Will Canada’s real estate market correction hit pause with an influx of cheap credit? CMHC data shows that 5-year conventional mortgage rates fell in February. Not huge, but the second consecutive month since the most aggressive climb in a generation. With credit costs plummeting even faster in March, it could provide a boost for the […]

Continue Reading
Canada

Canadian Mortgage Lenders See Larger Loan Losses, Average Value Soars 68%

November 17, 2022

Canadian real estate is starting to see the first sign of stress from higher interest, and normalized demand. Canadian mortgage lenders are beginning to write off larger mortgages in Q3 2022—the largest in nearly a decade. Credit bureau data shows this isn’t a problem yet, as the share of mortgages written off continues to fall. […]

Continue Reading
Canada

Canada’s Mortgage Mayhem From Higher Rates? It Was Just $61

August 18, 2022

Canadian mortgage rates are on the rise but the average household’s payment is growing only slightly faster than they were with low rates.

Continue Reading
Canada

Canada’s Share of Mortgages Written Off Fell, But The Average Loss Surged Higher

June 20, 2022

Canadian lenders are only writing off a smaller share of mortgages, but the losses are bigger. The average loss from bad mortgages increased sharply in Q1 2022, shows Equifax data. A smaller share of mortgages are producing write-offs, now at a record low. However, that might change fast as the size of the write-offs rise […]

Continue Reading
Canada

Canada Quietly Changed Its First-Time Home Buyer Program To Limit Its Losses

June 1, 2022

Canada is changing a first-time home buyer program to limit its exposure to losses. The Canada Mortgage and Housing Corporation (CMHC) made unannounced changes to the First-Time Home Buyer Initiative (FTHBI). The program, which sees the government take a stake in a successful applicant’s home purchase, is now limiting its downside exposure. Only a few […]

Continue Reading
Canada

Rate Squeeze? Not Exactly, Since Average Mortgage Payments Are Lower Than Rent

April 18, 2022

Canadian mortgage payments are soaring as home prices hit record growth. Those payments might get more expensive for some as interest rates rise. It’s understandable that some are worried homeowners will face significant pressure. However, don’t expect renters to have any sympathy. As expensive as housing is, average mortgage payments are lower than the cost […]

Continue Reading
Canada

Canada’s Housing Agency Abruptly Halted Its Public Real Estate Warning System

April 6, 2022

Canadian real estate is entering one of its most precarious phases in history. Households will navigate it without the help of the national housing agency, though. The Canada Mortgage and Housing Corporation (CMHC) has halted its Housing Market Assessment (HMA) report. The regular report provided the public with insights on housing market imbalances. The cancellation […]

Continue Reading
Canada

Canadian New Home Construction Begins To Slow As Forecasts Call Fewer Starts

February 21, 2022

Canadian new housing construction is slowing, but remains above pre-pandemic levels. Canada Mortgage and Housing Corporation (CMHC) data shows new housing starts slowed in January 2022. The number of new homes to start construction fell below last year’s level. Financial institutions forecast this will continue for at least a couple of years. Canadian New Home […]

Continue Reading
Page navigation
  • Current Page 1
  • Page 2
  • Page 3
  • ›
  • »

Primary Sidebar

Better Dwelling Toronto Real Estate News Apple Ad

Subscribe

Canada's fastest growing real estate blog, right to your inbox.

logo
  • Home
  • About
  • Contact
  • Masthead
  • Advertise
  • Investors
  • Terms of Service
  • Privacy Policy
  • Editorial Policy
  • Toronto Real Estate
  • Vancouver Real Estate

Copyright 2023 Better Dwelling

Better Dwelling Logo
Better Dwelling Logo
  • Home
  • Canada
    • Toronto
    • Vancouver
  • China
  • Global
  • United States
  • Forum

Trending

  • Canadian Real Estate Expected To See A “Historic Correction,” Biggest Drop Ever: RBC
  • The Canadian Real Estate Bubble’s Supply Shortage Myth Is Unraveling: BMO
  • A Lot of Canadian Real Estate Owners Decided To Own 4 Or More Homes In 2020
  • Canadian Cities Have Seen Investors Buy Up To 100% of Newly Constructed Condos
  • About
  • Advertise
  • Contact
  • Masthead
  • Press
  • Tips
Better Dwelling Logo

Log In

Already have an account? You're good to go.

Sign Up

Create your instituional account with the ID provided by your administrator. This program is invite only, but sign up for our newsletter and we'll let you know when it opens up.

Forgot Your Password?

We know. Ever since they stopped letting you use "password," you've felt like Sisyphus carrying that rock... but like, with passwords.