CMHC Tightens Mortgage Rules

In the last decade, we have seen policymakers in the mortgage and banking world stack mortgage rule changes one above the other in an attempt to slow down the increase of home prices. As well, to curb the debt appetite of Canadians. In the last week, CMHC’s President & CEO, Evan Siddall, has done this…

Fact and Fiction about Payment Holidays

With everything going on in the world today, it would be nice to believe that the banks and governments would allow Canadians to take a break from paying bills, however, this is simply not true. The government of Canada, in the midst of this Covid-19 outbreak, has made recommendations to Banks and Financial institutions. Part…

The Real Estate Show: Conservative MP Tom Kmiec denounces mortgage “gimmicks”

This year’s federal budget had some big-ticket items for real estate and, most importantly, some incentives for first-time homebuyers. But these measures are gimmicks, according to Conservative Deputy Finance Critic Tom Kmiec, member of Parliament for Calgary Shepard. On a recent episode of CJAD 800 Montreal’s Real Estate Show, Kmiec told host and North East…