Tag Archives: CMHC Guidelines

Mortgage Insurance Premium Increase


What’s Changing? Effective March 16th, 2017 at 11:00 pm EST, the premium rates for 1-4 unit owner-occupied purchases will increase … Continue reading

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CMHC to Increase Mortgage Insurance Premiums


CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher … Continue reading

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Insurers to Raise Premiums


As a result of its annual review of its insurance products and capital requirements, CMHC announced that it is increasing … Continue reading

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So You Just Purchased a Home? Let the Renos Begin!


Are you planning on buying a home on Bowen Island? Thinking of doing some renovations? How about a little paint, … Continue reading

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How Will the New Imposed Limits for CMHC Affect New Homebuyers?


When a bank grants you a mortgage they have to get the funding from somewhere. There are not just piles … Continue reading

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Debt Service Ratio Calculations to be Changing Again


In July 2012, the Government of Canada fixed the maximum Gross Debt Service (GDS) and Total Debt Service (TDS) ratios … Continue reading

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