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Getting a mortgage in Canada is about to get a lot more difficult..

Tuesday May 26th, 2020

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Getting a mortgage in Canada is about to get a lot more difficult..

COVID-19 has created financial challenges in the mortgage market, and changes are on the horizon which will make it harder for Canadians to get a mortgage. The mortgage market has been in a state of flux the past two months and with that Canada Mortgage and Housing Corporation (CMHC) is contemplating possible changes to protect Canadians against instability in the housing market.   The CMHC is the government body that insures mortgages in Canada and last week, in a presentation to the... [read more]

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