Government Related Archives - Mortgage Rates & Mortgage Broker News in Canada

DoF Challenged in Parliament

Robert McListerFebruary 11, 2017

MPs are questioning why the Liberal government took liquidity out of the refinance market, and Dan Albas is one of the most vocal. In the House of Commons ye... Read More...

Government Related2 min read

No New Rules Coming. Well, Maybe One

Robert McListerJanuary 14, 2017

Finance Minister Bill Morneau is suggesting that no new mortgage rules are on the drawing board. After meeting with economists on Friday, he told reporters:... Read More...

Government Related3 min read

Mortgage Debt: Is the Scale Starting to Tip?

Robert McListerDecember 20, 2015

The "sustained low interest-rate environment" has caused a "significant minority" of Canadians to take on more mortgage debt than they can comfortably manage. T... Read More...

Oliver Meets With CAAMP

Robert McListerSeptember 8, 2014

Finance Minister Joe Oliver met with the Canadian Association of Accredited Mortgage Professionals (CAAMP) on Friday. The meeting covered a range of mortgage ho... Read More...

CMHC’s Annual Report Documents its Contraction

Robert McListerMay 7, 2014

CMHC is safer and better managed than it has been for years. But it nonetheless continues to pare back its mortgage insurance business at the Finance Department... Read More...

Updates on Stated Income & Second Home Programs

Robert McListerMay 2, 2014

CMHC surprised the market last week by eliminating its insured second home and stated income programs. Many believed that the Department of Finance (DoF) had so... Read More...

B-21. Here at Last

Robert McListerApril 14, 2014

There’s been so much speculation on whether OSFI’s long-awaited B-21 mortgage insurer guidelines will slow the housing market. Well, now that we’ve seen the ... Read More...

Flaherty in Closing

Robert McListerMarch 21, 2014

Since 2008 Finance MinisterJim Flaherty has dealt the mortgage business plenty of pain for promised long-term gain. So when news broke Tuesday that he quit, a w... Read More...

Mortgage Changes from the 2014 Budget

Robert McListerFebruary 12, 2014

The just-released 2014 budget has both good and not-so-good news for mortgage consumers and the industry at large. It contains a variety of new mortgage-rela... Read More...

Ottawa to Ease Credit Union Transition to Federal Regulation

Robert McListerJanuary 24, 2014

The Department of Finance (DoF) wants to make it easier for credit unions (CUs) to switch from provincial to federal regulation. It issued this release today. ... Read More...