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Scarborough, Toronto, Ajax, Pickering, Durham, Brampton, Mississauga, York Region and the GTA | Re/Max Community Realty Inc., Brokerage

CMHC / My Blog

New mortgage data released by CMHC

8/14/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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New mortgages continue to grow in Canada, according to a new report. There were just over 1 million new mortgage loans funded in Canada last year — up 1.4% ...

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Home construction picks up in July, driven by buildings, condos, CMHC says

8/10/2017 | Posted in New Developments by Shan Thayaparan

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The federal housing agency says home construction picked up last month. The annual pace of urban home construction increased by 5.5 per cent to 206,122 units, driven by a ...

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Refinancing is driver of new loans growth: CMHC

8/9/2017 | Posted in Mortgage News by Shan Thayaparan

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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ...

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Toronto housing market downturn to be short-lived, federal housing agency says

7/27/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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The recent downturn in Toronto's real estate market is expected to be brief, the federal housing agency said Wednesday.

...

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Housing starts picked up in June: CMHC

7/11/2017 | Posted in Real Estate Market by Shan Thayaparan

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Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June.

...

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Mortgage delinquency rates low in Toronto, Vancouver despite high prices: CMHC

6/14/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new ...

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Ontario new housing rules take a bite out of new construction numbers for country

6/9/2017 | Posted in Real Estate Market by Shan Thayaparan

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Canadian housing starts fell 8.6 per cent in May from April, a decline fuelled by a massive pullback in new home construction since Ontario moved to cool the housing market in ...

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Homebuyers who get family help report feeling less comfortable with their debt levels

6/7/2017 | Posted in Home Buyers by Shan Thayaparan

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Even after getting family help to make a down payment on a home, first-time buyers still worry about their financial situation, according to a new survey from ...

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CMHC insurance volumes plunged 41% after mortgage rules tightened

5/30/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Canada's housing agency saw a sharp decline in the number of home buyers who qualified for mortgage insurance under tougher rules implemented last fall.

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Canada housing starts jump to highest in almost a decade, beating expectations

4/10/2017 | Posted in Real Estate News by Shan Thayaparan

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The annual pace of housing starts increased more than expected in March and hit their highest level since September 2007. The Canada ...

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New home construction picks up, offering latest evidence of economic momentum

3/8/2017 | Posted in Real Estate News by Shan Thayaparan

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The pace of home construction in Canada picked up last month and a lot of the push came from Ontario, the federal housing agency said Wednesday, offering the latest evidence ...

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Canadian housing starts begin 2017 on a high, fuelled by Ontario

2/12/2017 | Posted in Real Estate News by Shan Thayaparan

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Canadian housing starts unexpectedly rose in January as Ontario saw a strong increase on ground breaking of new homes, suggesting home construction got off to a ...

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GTA house price 'spillover' driving up prices as far away as Sudbury, Ottawa: CMHC

1/29/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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CMHC data shows sky-high prices in the Greater Toronto Area are pushing homebuyers further afield. Spillover from the red-hot GTA real estate market is driving demand and ...

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Mortgage insurance premiums hiked once again

1/17/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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CMHC announced early Tuesday it is increasing its loan insurance premiums effective March 17.

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Foreign ownership of Canadian condos down from 2015: CMHC

12/7/2016 | Posted in Real Estate News by Shan Thayaparan

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Foreign ownership of existing Canadian condominium units in Canada's three biggest cities has declined in 2016 compared with the previous two years, according to ...

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CMHC insured mortgages increase 26 per cent, home equity rises

11/30/2016 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Canada Mortgage and Housing Corp., the Crown corporation that controls about half of the mortgage default insurance market in the country, continues to shrink its ...

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Higher down payments could be on horizon: CMHC

11/26/2016 | Posted in Home Buyers by Shan Thayaparan

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The head of Canada Mortgage and Housing Corp. has opened the door to the possibility of increasing the minimum down payment needed to buy a house, though a change is not ...

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CMHC passes stress test extreme scenarios

11/17/2016 | Posted in Mortgage News by Shan Thayaparan

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Canada Mortgage and Housing Corp. says its stress testing shows it will be able to withstand even the most extreme economic scenarios.

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Pace of housing starts slips in October compared with September: CMHC

11/8/2016 | Posted in Real Estate News by Shan Thayaparan

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Canada Mortgage and Housing Corp. says the pace of housing starts in October slowed compared with September.

...

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CMHC warns high house prices spreading to B.C., Ontario suburbs

10/27/2016 | Posted in Real Estate Market by Shan Thayaparan

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Canada’s housing agency is warning that prices are soaring in smaller communities in British Columbia and Ontario as the real estate boom in Vancouver and Toronto spreads ...

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Ottawa looks to shift some mortgage loan default risks from taxpayers to banks

10/24/2016 | Posted in Mortgages and Real Estate by Shan Thayaparan

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The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to ...

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Ottawa reconsiders 'risk sharing' by mortgage lenders

8/16/2016 | Posted in Mortgage News by Shan Thayaparan

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The federal government may require banks and other mortgage lenders to pay a deductible to protect taxpayers from risky hot housing markets.

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Toronto condo construction boosts pace of housing starts: CMHC

7/12/2016 | Posted in Real Estate Market by Shan Thayaparan

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Canada Mortgage and Housing Corp. says the pace of home construction picked up last month, boosted by work beginning on apartments in Ontario and especially condominiums in ...

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CMHC releases Q2 housing market outlook

5/19/2016 | Posted in Real Estate Market by Shan Thayaparan

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The Crown Corporation released its long-term economic and housing forecast Wednesday morning. It expects housing starts to slowly decrease over the coming years.

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Evidence of overvalued home prices grows in a number of markets: CMHC

4/28/2016 | Posted in Real Estate Market by Shan Thayaparan

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Canada Mortgage and Housing Corporation says there is mounting evidence that house prices in a number of Canadian cities are out of whack with incomes and other economic ...

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CMHC releases report on foreign ownership

4/7/2016 | Posted in Real Estate Investments by Shan Thayaparan

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The Crown Corporation released its latest Housing Markets Insight Report Thursday, which focuses on the foreign investment. The report found that foreign ownership is most ...

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Toronto, Vancouver condo investment is long-term says report

4/6/2016 | Posted in Real Estate Investments by Shan Thayaparan

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Most investments in condos in Toronto and Vancouver are for long-term gains rather than making a quick buck. That’s according to a report from the CMHC which says ...

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CMHC considers deductible for mortgage claims

3/16/2016 | Posted in Mortgage News by Shan Thayaparan

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Mortgage lenders may have to pay a deductible to the CMHC for any claims made on loans the agency insures.

...

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Housing starts data revealed

3/8/2016 | Posted in Real Estate News by Shan Thayaparan

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The trend measure for housing starts in Canada holds steady in February. The CMHC’s housing start measure fell slightly to 198,880 in February from January’s ...

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