CMHC defends mortgage stress test changes amid calls for loosening rules – Quesnel Cariboo Observer

CMHC’s 2011 Canadian Housing Observer is out. It’s stuffed with mortgage and housing stats, although most are from 2010 so it’s not as current as we’d hope. Here are some of its mortgage-related highlights (our comments in italics). Mortgages comprise 68% of Canadians’ total debt.

The changes will become effective July 9, 2012. (real deals must be approved by this date) Discussion: The reduction in amortization combined with the lowered GDS ratio could affect a number of people’s ability to qualify.

Latest regulatory changes will support the Canadian economy-CMHC head The recent changes to mortgage rules announced by Finance Minister Bill Morneau will ultimately buttress Canada’s economic output despite some uncomfortable speed bumps in the near future, according to the leader of the country’s federal housing agency.

Renting out property to get easier as CMHC changes rules.. will allow 100 per cent of the rental income from a unit to be considered for new loan applications submitted to it for mortgage insurance.. Properties with more than a single rental unit will have slightly different rules and this.

politics Home loan arrears on the rise as high debt and low wage growth bite. Problem home loans are now at their highest level since the aftermath of the global financial crisis, according to the credit ratings agency standard and Poor’s Global.. "tepid wage growth, high household debt.

CMHC defends mortgage stress test changes amid calls for loosening rules – Ashcroft Cache Creek Journal New Mortgage Rules and How They Will Affect Home Buyers in 2019 – **2019 Mortgage Rules Update – 2019 Federal Budget** There have been several changes to the mortgage rules in Canada over the last 3 years.

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In-depth economic report on the mortgage market in Canada New report fills in some data gaps by providing a broad view of the residential mortgage industry. July 15, 2019

New stress test could put monolines at a disadvantage The Finance Minister announced three new housing measures meant to ensure stability in the housing market, but one of those – the amended stress test requirements – could impact monolines more so than big banks, according to one veteran broker.

CMHC CEO defends mortgage stress test changes amid calls for loosening rules.. The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry.