Durham Region Real Estate Blog - John Owen

The Canadian Mortgage and Housing Corporation has announced an increase to mortgage loan insurance premiums by up to 126% beginning March 17.

Another Hit to Affordability

In yet another move that will impact the ability of purchasers...

The Canadian Mortgage and Housing Corporation (CMHC) has announced a change in policy that makes it easier for those who plan to rent out part of their home.

When applying for a mortgage with a federally regulated financial institution (banks, insurance...

The Canadian Mortgage and Housing Corporation, or CMHC, has announced new mortgage loaninsurance premium increases that go into effect May 1, 2014.

These changes will apply to new applications submitted on or after the deadline, but won't affect...

FAQ: Collateral Mortgages in Ontario

In the past few years, a product called the Collateral Mortgage has been quietly making its way into more lender offerings in Ontario.

What is a Collateral Mortgage?

A collateral mortgage is typically written...

FAQ: No money down and cash back mortgages in Ontario

Things have changed a lot in the last few years.
Most Ontario lenders will not provide a mortgage with 'no money down' any more. There are, however, still lenders out there that will....