What You Need to Know: Changing Mortgage Default Insurance Criteria

Effective 1 July 2020, CMHC will be changing its mortgage default insurance criteria, making it more difficult for some home buyers to qualify. While those with low credit scores, those intending to use borrowed funds as a down payment, and those with high debt service ratios will be most affected, the overall market impact is expected to be minimal. 

Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

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A brief monthly summary of the latest regional housing sales and listing activity, produced the same morning as the data is released.

Allison Lafrenier
RENNIE ADVISOR
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Last month was characterized by further declines in supply combined with elevated demand levels, strengthening the vice on an already tight market.

Allison Lafrenier
RENNIE ADVISOR
intelligence

Here are price per square foot averages for woodframe pre-sale homes, based on the date of each project's first home sale.

Allison Lafrenier
RENNIE ADVISOR