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Canada Mortgage and Housing Corporation
Canadian Banks Directed to Prepare for Mortgage Default Risks and ‘Credit Losses’
The chief bank inspector has directed financial institutions to start assessing mortgages that could be at risk for default. Superintendent of Financial Institutions Peter Routledge made the comments in a ...
March 16, 2024
BY
Chandra Philip
CMHC Ending First-Time Home Buyer Program on March 21
Canada’s first-time home buyer incentive program has been discontinued. The Canada Mortgage and Housing Corporation (CMHC) made the ...
March 1, 2024
BY
Chandra Philip
New Home Starts Drop by 7 Percent Across Canada, Missing Target for Housing Affordability
National housing starts saw a 7 percent decline in 2023 compared to the previous year, according to a ...
January 22, 2024
BY
William Crooks
Poilievre Says Montreal, Quebec City Mayors Are ‘Incompetent’ on Housing File
Conservative Leader Pierre Poilievre took aim at the mayors of Quebec’s two largest cities on Jan. 18, calling ...
January 19, 2024
BY
The Canadian Press
Feds Won’t Release Research Verifying Claims GST Holiday for Builders Will Lower Rents
Finance Minister Chrystia Freeland said all data pertaining to the research is confidential.
December 1, 2023
BY
Matthew Horwood
Chief Canadian Bank Inspector Warns of Mortgage Payment Shock
Canada’s chief bank inspector has warned that homeowners could face rising financial pressure in servicing their mortgages as ...
October 14, 2023
BY
David Wiechnik
CMHC Distributes $75 Million in Bonuses During Period of Housing Affordability Crisis
The Canada Mortgage and Housing Corporation's executive bonus compensation totalled almost $27 million in 2022, according to the ...
July 28, 2023
BY
Amanda Brown
ANALYSIS: As Canada’s Population Hits 40 Million, Economists Warn of Strain on Housing Market, Health System
As Canada's population reaches the milestone of 40 million people, economists and housing experts are warning that accelerating ...
June 27, 2023
BY
Matthew Horwood
Tory Government Would Freeze Infrastructure Money to Cities That Don’t Get Housing Built: Poilievre
As a strategy to get more homes built in Canada, a Conservative government would link the number of infrastructure ...
March 17, 2023
BY
Matthew Horwood
Government Can’t Solve Housing Issues Alone, Private Sector Must Be Involved: CMHC
A new report by Canada Mortgage and Housing Corp. says government alone can't solve the country's housing affordability challenges. The scale of ...
November 29, 2022
BY
The Canadian Press
Ottawa Seeking to Include Exemptions in Bill Banning Foreign Investment in Canadian Residential Property
Ottawa is seeking to add exemptions to a bill that temporarily bans foreigners from purchasing residential property in ...
August 22, 2022
BY
Andrew Chen
Possible Home Equity Tax on Primary Residences ‘Very Concerning’ for Average Homeowners: Taxpayers’ Advocate
Indications that the federal government is considering introducing a potential capital gains tax on the sale of primary ...
August 14, 2021
BY
Andrew Chen
TOP NEWS
Rubio Meets Russian Counterpart to Discuss Ukraine War
NEW
By
Guy Birchall
Senate Committee Advances Bill to Codify Ban on Chinese Smart Vehicles
NEW
By
Melanie Sun
Energy Department Issues Emergency Order to Mitigate Blackout Risks Amid Hot Weather Conditions
NEW
By
Naveen Athrappully
EU Car Sales Rise as Electric Vehicles, Chinese Brands Gain Ground
2hr
By
Evgenia Filimianova
Confirmed Deaths in Ebola Outbreak Eclipse 1,000
3hr
By
Zachary Stieber
Oil Jumps as Houthis Claim Strikes on Saudi Tankers in Red Sea
3hr
By
Tom Ozimek
Financial Managers Seek Ways to Leave China Amid Anti-Corruption Probe
4hr
By
Michael Zhuang
US Company Recalls More Than 19 Million Eggs
4hr
By
Zachary Stieber
Education Department Investigates 5 Medical Schools for Alleged Racial Bias in Admissions
5hr
By
Kimberly Hayek
Behind America’s Growing ‘Food Freedom’ Movement
5hr
By
Jeff Louderback