Mortgage insurance – Advisor's Edge https://phoenix.advisor.ca The best news source for Canadian financial advisors. Investments, financial markets, insurance, practice management, tax and estate planning Fri, 16 Dec 2022 21:20:19 +0000 en-CA hourly 1 https://wordpress.org/?v=5.9.3 https://phoenix.advisor.ca/wp-content/uploads/sites/5/2018/05/cropped-advisor-ico-32x32.png Mortgage insurance – Advisor's Edge https://phoenix.advisor.ca 32 32 OSFI keeps key mortgage stress test rate unchanged https://phoenix.advisor.ca/news/industry-news/osfi-keeps-key-mortgage-stress-test-rate-unchanged/ Thu, 15 Dec 2022 15:00:27 +0000 https://www.advisor.ca/?p=219410 Minimum qualifying rate for uninsured mortgages remains steady

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Court declines to interfere with Manulife settlement https://phoenix.advisor.ca/news/industry-news/court-declines-to-interfere-with-manulife-settlement/ Fri, 28 Jan 2022 19:28:43 +0000 https://www.advisor.ca/?p=205272 No reason to allow appeal to proceed, B.C. appeal court finds

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CMHC changes underwriting practices on mortgage loan insurance https://phoenix.advisor.ca/news/economic/cmhc-changes-underwriting-practices-on-mortgage-loan-insurance/ Mon, 05 Jul 2021 18:01:27 +0000 https://www.advisor.ca/?p=197081 The agency is increasing the gross and total debt service ratios for borrowers

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Updated: CMHC tightens lending criteria for insured mortgages https://phoenix.advisor.ca/news/industry-news/cmhc-tightens-lending-criteria-for-insured-mortgages/ Thu, 04 Jun 2020 21:02:05 +0000 https://www.advisor.ca/?p=181058 The agency warns of impending mortgage arrears due to Covid-19

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CMHC to purchase up to $50B of insured mortgage pools https://phoenix.advisor.ca/news/economic/cmhc-to-purchase-up-to-50b-of-insured-mortgage-pools/ Mon, 16 Mar 2020 21:33:22 +0000 https://www.advisor.ca/?p=177420 The move is designed to provide stable funding to banks and mortgage lenders

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Majority of non-bank mortgages uninsured https://phoenix.advisor.ca/news/economic/majority-of-non-bank-mortgages-uninsured/ Mon, 28 Oct 2019 16:30:03 +0000 https://www.advisor.ca/?p=171794 Nearly two-thirds of residential mortgages that were over 90 days in arrears in the first quarter were uninsured

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Brookfield to acquire 57% stake in Genworth Canada https://phoenix.advisor.ca/news/industry-news/brookfield-to-acquire-57-stake-in-genworth-canada/ Tue, 13 Aug 2019 15:17:35 +0000 https://www.advisor.ca/?p=168884 Deal expected to close by end of year

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Most non-bank mortgages are uninsured: StatsCan https://phoenix.advisor.ca/news/economic/most-non-bank-mortgages-are-uninsured-statscan/ Fri, 12 Jul 2019 15:13:16 +0000 https://www.advisor.ca/?p=167866 Total value of mortgages held by non-bank lenders was $325.5 billion in Q4

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GTA luxury home sales down: report https://phoenix.advisor.ca/news/industry-news/gta-luxury-home-sales-down-report/ Tue, 13 Mar 2018 13:36:08 +0000 https://avatar.advisor.ca/uncategorized/gta-luxury-home-sales-down-report/ Luxury homes sales in the Greater Toronto Area (GTA), Oakville and Hamilton-Burlington have fallen short of last year's record-breaking pace.

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Toronto area home sales down 35%, Montreal up 5% https://phoenix.advisor.ca/news/industry-news/toronto-area-home-sales-down-35-montreal-up-5/ Tue, 06 Mar 2018 10:10:29 +0000 https://avatar.advisor.ca/uncategorized/toronto-area-home-sales-down-35-montreal-up-5/ Canada's largest real estate board says home sales in the Greater Toronto Area fell nearly 35% year-over-year in February, as selling prices dropped.

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