Featured Listings
September 2017 Market Snapshot
Posted on
October 4, 2017
by
Rob Drysdale
August 2017 Market Snapshot
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September 7, 2017
by
Rob Drysdale
July 2017 Market Snapshot
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August 3, 2017
by
Rob Drysdale
June 2017 Market Snapshot
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July 6, 2017
by
Rob Drysdale
May 2017 Market Snapshot
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June 1, 2017
by
Rob Drysdale
April 2017 Market Snapshot
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May 1, 2017
by
Rob Drysdale
March 2017 Market Snapshot
Posted on
April 1, 2017
by
Rob Drysdale
February 2017 Market Snapshot
Posted on
March 1, 2017
by
Rob Drysdale
January 2017 Market Snapshot
Posted on
February 7, 2017
by
Rob Drysdale
CMHC Set To Raise Mortgage Insurance Premiums in 2017
Posted on
January 26, 2017
by
Rob Drysdale
CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” said Steven Mennill, Senior Vice-President, Insurance. “Overall, the changes will preserve competition in the mortgage loan insurance industry and contribute to financial stability.” Capital requirements are an important factor in determining mortgage insurance premiums. The changes reflect OSFI's new capital requirements that came into effect on January 1st of this year that require mortgage insurers to hold additional capital. Capital holdings create a buffer against potential losses, helping to ensure the long term stability of the financial system. During the first nine months of 2016:
Premiums are calculated based on the loan-to-value ratio of the mortgage being insured. The premium can be paid in a single lump sum but more frequently is added to the mortgage principal and repaid over the life of the mortgage as part of regular mortgage payments. Additional details and scenarios are included in the backgrounder below. CMHC regularly reviews its premiums and sets them at a level to cover related claims and expenses while also reflecting the regulatory capital requirements. CMHC is Canada’s most experienced mortgage loan insurer. Our mortgage loan insurance enables Canadians to buy a home with a minimum down payment starting at 5%. As a Crown corporation, CMHC is the only mortgage insurer whose proceeds benefit all Canadians. As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need and offers objective housing research and information to Canadian governments, consumers and the housing industry. December 2016 Market Snapshot
Posted on
January 23, 2017
by
Rob Drysdale
Stay or Move? 5 Questions that Help you Decide
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June 10, 2019
by
Rob Drysdale
September 2017 Market Snapshot
Posted on
October 4, 2017
by
Rob Drysdale
August 2017 Market Snapshot
Posted on
September 7, 2017
by
Rob Drysdale
July 2017 Market Snapshot
Posted on
August 3, 2017
by
Rob Drysdale
June 2017 Market Snapshot
Posted on
July 6, 2017
by
Rob Drysdale
May 2017 Market Snapshot
Posted on
June 1, 2017
by
Rob Drysdale
April 2017 Market Snapshot
Posted on
May 1, 2017
by
Rob Drysdale
March 2017 Market Snapshot
Posted on
April 1, 2017
by
Rob Drysdale
February 2017 Market Snapshot
Posted on
March 1, 2017
by
Rob Drysdale
January 2017 Market Snapshot
Posted on
February 7, 2017
by
Rob Drysdale
CMHC Set To Raise Mortgage Insurance Premiums in 2017
Posted on
January 26, 2017
by
Rob Drysdale
CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their... December 2016 Market Snapshot
Posted on
January 23, 2017
by
Rob Drysdale
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