Archive for: January 2017

CMHC’s New Portfolio Composition

Filed under: Mortgage - 30 Jan 2017

THINK OUTSIDE THE BOX:  Canada’s mortgage rulemakers want less exposure to insured mortgages and—as this BMO Capital Markets graph shows—they’re getting exactly what they want….

CMHC Hiking Insurance Premiums

Filed under: Mortgage - 17 Jan 2017

THINK OUTSIDE THE BOX:  Homebuyers with less than 20% down are going to pay more.

CMHC is hiking mortgage insurance rates for the third time in three years. Premiums are jumping up to 0.65 percentage points on the highest LTV mortgages, …

Mortgage insurance premiums hiked once again

Filed under: Mortgage - 17 Jan 2017

THINK OUTSIDE THE BOX:  Need CMHC?….better hurry!

OTTAWA, January 17, 2017 — CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 …

Canada not considering housing measures at this stage: Morneau

Filed under: Mortgage - 13 Jan 2017

THINK OUTSIDE THE BOX:  Although no further changes are currently on the table for mortgage financing, the government will continue to monitor Canada’s housing market.

Canadian Finance Minister Bill Morneau said the government is not considering any additional measures to tighten …

ATB customer calls show economic improvement

Filed under: Mortgage - 12 Jan 2017

THINK OUTSIDE THE BOX:  The overall decreases in calls pertaining to “severe financial hardship” as well as loan consolidations show that Alberta’s economy may be starting to slowly recover.

There’s no doubt that the current economic downturn has been difficult for …

Housing starts end 2016 on positive note

Filed under: Mortgage - 12 Jan 2017

THINK OUTSIDE THE BOX:  Looking into 2017, housing starts may pick up some speed.

Housing construction is one of The Owl’s favourite indicators of the health of the economy—it gives both a gauge of consumer confidence and a forward-looking indication of …

How to prepare for the Markets in 2017: Q4 Economic Highlights with Michael Campbell

Filed under: Mortgage - 09 Jan 2017

THINK OUTSIDE THE BOX:  “Bank of Canada rate cut still on the table for 2017 but that doesn’t mean mortgage rates will drop…”

There is no such pressure in Canada to raise rates. While 3rd quarter economic growth was good, the …

Higher Rates Are No Gift to Homeowners

Filed under: Mortgage - 05 Jan 2017

THINK OUTSIDE THE BOX:  If someone tries to convince you that policymakers’ attack on mortgage lending benefits the 70% of Canadians who own (or will own) a home, tell ’em “Show me the math.”

The government’s ongoing crusade against lenders is already proving costly.

Regulatory tightening over the …