by Nick Bachusky | Feb 18, 2016 | CMHC, Mortgage Trends
Q1 2016 CMHC Housing Market Outlook Today I attended a webinar from CMHC where they had the Deputy Chief Economist, Jeffrey Harris, speak on what their projections were for the housing market in Canada in 2016. He did stress these are projections and made a few jokes...
by Nick Bachusky | Apr 3, 2015 | CMHC, First Time Homebuying
As of June 1, 2015, CMHC is increasing the Mortgage Insurance Default premium percentage for potential homeowners with less than 10% down payment from 3.15% of the mortgage amount to 3.6% of the mortgage amount. If you get your commitment to me or the lender before...
by Nick Bachusky | Dec 8, 2014 | Closing Costs, CMHC, First Time Homebuying
Genworth, a top default mortgage insurance provider in Canada, has a great mortgage option for the many parents of new students heading to the Universities and Colleges. The benefits of The members of the family must have proven good credit. Looking at the fees...
by Nick Bachusky | Nov 14, 2014 | CMHC, First Time Homebuying, Mortgage Trends
The infographic that CMHC produced can be seen and downloaded at the bottom. The reason I write on this survey is because it helps me find the possible gaps in my business practice & allows me to continuously improve. It also motivates me to continue on everyday...
by Nick Bachusky | Nov 8, 2014 | CMHC, First Time Homebuying, Mortgage Trends
CMHC just released their latest edition of Ottawa’s Housing Market Outlook and I will summarize what I feel are a few key points and interesting trends. CMHC is not just your government mortgage default insurance lender but an organization that gathers much of...
by Nick Bachusky | Jun 11, 2014 | Amortization, CMHC, First Time Homebuying, Mortgage Trends, Real Estate Investing, Refinancing
In March and April 2014, CMHC completed an online survey of 3,584 recent mortgage consumers, all prime household decision-makers who had undertaken a mortgage transaction in the past 12 months. Fifty-five percent had undergone a mortgage renewal, 22% had refinanced...
