Skip to main content

New rules around insured mortgages

Since late last year, federal government has tweaked the rules around insured mortgages several times:

raising minimum down-payment requirements on homes worth between $500,000 and $1-million,
imposing a tougher income "stress test" on borrowers,
limiting how lenders use government-backed portfolio insurance and
making it more expensive for financial institutions to securitize mortgages through CMHC.

The moves are part of an attempt by the government to help slow skyrocketing home prices in some markets and insulate taxpayers from the risks of rising household debt.

Popular posts from this blog

Simply Hired — a job search engine with 30 million monthly users that is active in 24 countries and 12 languages — is shutting down on June 26
The Conference Board of Canada found home prices in Windsor increased nearly 16 per cent over last year.

05/01/2016 00:00:00 Diversions: Ravinder Rai & Sebastián Benítez Duo Southeast Free

Diversions showcases the photographic outcomes of an ongoing artistic dialogue between emerging artists Ravinder Rai and Sebastián Benítez. Engaging in themes of contemporary identity, culture, image, objects, commodification, and sexuality, this exhibition shares a process of awareness and discovery as Rai and Benítez photographically respond to each other's work. Featuring playful and clever self-portraits and still life photographs, this exhibition also incorporates elements of installation and mixed media.