Mortgage

mortgage

CondoBusiness

CMHC generates $338-mil in net income for Q2

CMHC’s recent Q2 financial results stated that during the last quarter, it generated $338 million in net income from its mortgage loan and other programs.
Home sales

CondoBusiness

Report warns against tightening mortgage rules

In a report released June 28, Will Dunning, Mortgage Professionals Canada’s chief economist, warned against further tightening mortgage lending conditions in Canada, saying it would significantly
rent

CondoBusiness

Canada modifies mortgage insurance rules

On Dec. 11, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance in order to contain risks in the housing market,
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CondoBusiness

Household debt levels a cause for concern: report

A new report from the International Monetary Fund (IMF) is raising concerns about the stability of Canada’s housing market. According to the global economy forum, Canadian household debt levels are among the highest recorded in Western countries.
High-rise buildings

Canadian Apartment Magazine

Lending value versus market value

Differences between a building's market value and lending value can have a big impact on buyers.
Skyline Keys

Canadian Apartment Magazine

What to consider when financing a mortgage

What factors should borrowers consider when looking for mortgage financing? Peter Cook, assistant VP of commercial lending at First National Financial, offers his advice.