Blog by DOINA BIOLAN B.Comm

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Confused by mortgage insurance ?

December 7th, 2016

Confused by mortgage insurance?

If you put less than 20% down on a property, then you’re likely familiar with mortgage default insurance, some people refer to this as CMHC insurance. Truth be told, there are three providers of this type of insurance, CMHC, Genworth and Canada Guaranty. That said, mortgage default insurance should not to be mistaken for mortgage creditor insurance. ...

CREB November 2016 stats

December 1st, 2016

 

November sales slide into old patterns

Coming off a month of stronger sales activity, November's housing market returned to previous trends. Year-over-year monthly sales totaled 1,227 units, which is nearly three per cent lower than last year and 17 per cent below long-term averages.

"November was the first full month with CMHC's new lending rules in effect," ...