Canadian real estate gains in May 2020.
There was good news in the real estate and housing markets. Home sales surged by 56.9% in May from Aprils collapse. The Canadian Real Estate Association’s data showed that national home sales recovered by about one third of its Covid related loss between February and April. Year over year activity was down almost 40%. There […]
CMHC mortgage changes, June 2020
CMHC (Canada Mortgage and Housing Corporation) has made some changes to their insured lending policies. If you are buying a home with less than 20% down payment, you are required to purchase mortgage default insurance. The premium is usually added to the mortgage amount. There are 3 providers in Canada, CMHC, Canada Guaranty and Genworth. […]
