BMO finds enthusiasm for the plan — but will homebuyers qualify?
Brookfield to acquire 57% interest in Genworth
Non-bank lenders held 1.7 million residential mortgages in Q4 2018
The changes reflect new regulatory requirements that require mortgage insurers to hold additional capital
The new rules have adopted several changes resulting from the feedback the federal regulator received during the consultation period
Taxation measures seek to reduce incentives for real estate speculation
Ottawa to bring in a more rigorous mortgage rate stress test for all insured borrowers
The planned changes aim to improve how mortgage insurers measure their capital positions and to position them to withstand losses
The mortgage insurance agency says its Canadian arrears rate fell slightly over the year but remains at about one-third of 1% of its portfolio.
Rate will increase for buyers with a down payment of 10 per cent or less