Archive for: April 2014

CMHC cutting back on what it covers with mortgage default insurance

Filed under: Mortgage - 28 Apr 2014

THINK OUTSIDE THE BOX:  Canada Mortgage and Housing Corp., the Crown corporation that controls the vast majority of mortgage default insurance in the country, says it plans to get out of the market for second homes and is adding restrictions …

Be careful before you break that mortgage

Filed under: Mortgage - 21 Apr 2014

THINK OUTSIDE THE BOX:  People have become so focused on getting the lowest rate, they are paying too little attention to the terms of the contract which may be onerous, said Laura Parsons, the Calgary area manager for mortgage specialists …

Alberta housing market set to surge: BMO

Filed under: Mortgage - 14 Apr 2014

THINK OUTSIDE THE BOX:  Alberta’s housing market, led by Calgary, is poised for a boom, Bank of Montreal economist Robert Kavcic says in a report released Friday, March 14, 2014.

The province’s housing market is quickly heating up again, fuelled by …