by Kunal Sawhney | Jun 7, 2021 | Columnists
Housing is more a necessity than a luxury; it is more an essential expenditure than an investment option. Houses in Canada are becoming increasingly unaffordable. The trend has defied all predictions. Back in May 2020, Canada Mortgage and Housing Corporation (CMHC)...
by REM Editorial Team | Oct 16, 2018 | News
The Appraisal Institute of Canada (AIC) says it supports the B-20 guidelines as well as a plan to reduce mortgage finance underwriting that over-relies on the equity of a property, without consideration to the borrower’s capacity to pay. It says the Office of the...
by REM Editorial Team | Dec 4, 2017 | News
More than a third of Canadians aren’t aware of the upcoming changes to mortgage regulations or how they will affect their ability to purchase a property in the future, says a recent survey conducted by Leger on behalf of Re/Max. Fifty-eight per cent are aware of the...
by Ralph Fox | Oct 31, 2017 | Columnists
As of Jan.1, 2018 there will be a nation-wide stress test that demands a new minimum qualifying rate for uninsured mortgages – those with a deposit of 20 per cent or more. The guideline requires federally regulated financial institutions to vet applicants for all...
