CMHC agrees to make more mortgage information public
Canada’s largest mortgage default insurer has agreed to industry demands to make more information about its portfolio public. Canada Mortgage and Housing Corporation, a Crown Corporation that controls about 60% of the market, has released a supplemental section on its results which among other things lays out detailed information breaking down its portfolio including how much of it is backing higher risk loans with little equity.
Full article - http://tinyurl.com/q4kdu2j
Source : Financial Post & CREA
Canadians see houses as homes, not nest eggs
More than two-thirds of Canadians who bought in the last decade view their house as a place to live and just 31 per cent as a nest egg. And that appears to be consistent among homebuyers, whether they bought recently, or back in 2003, before real estate in markets like Toronto and Vancouver virtually doubled or tripled in price, according to the annual spring survey of the residential mortgage market done on behalf of the Canadian Association of Accredited Mortgage Professionals (CAAMP).
Full article –http://tinyurl.com/qyvv6ul
Source: Toronto Star & CREA