Browsing Month »April, 2010«

2010 CMHC Mortgage Consumer Survey

April 29, 2010

Earlier this year, CMHC conducted an online survey of over 2,500 recent mortgage consumers and the results were surprising. It found that internet usage is a vital tool for mortgage shoppers, with 9 out of 10 first-time buyers relying on the internet to research mortgages. Below are other key findings of the report: Lender Loyalty [...]

New Government Guarantee Parameters for Mortgage Loan Insurance and CMHC Product Changes

April 6, 2010

From CMHC.ca The Government of Canada has recently announced new parameters regarding the application of the government guarantee supporting the Canadian mortgage insurance industry (view the Department of Finance’s news release). The effective date when the new rules are to come into force is April 19, 2010. CMHC supports the Government of Canada’s on-going efforts to [...]