Edmonton Mortgage News

CMHC Announces Changes to Mortgage Guidelines

June 5, 2020 By Benchmark

Yesterday afternoon, The Canadian Mortgage and Housing Corporation, better known as CMHC, announced changes to its mortgage insurance underwriting and acceptance criteria. These changes take effect on July 1, 2020 and will impact those applying for mortgage financing. If you want to buy a home with a down payment of less than 20 per cent, you’ll need mortgage loan insurance so being aware of this now can certainly help you.

What’s Going on With Our Economy?

April 11, 2020 By Benchmark

While the problems in the credit market were obvious for months, the COVID19 crisis further exposed the significant problems in the system.

Edmonton homeowners can benefit from lower rates

March 12, 2020 By Benchmark

With so much in the news recently on mortgage rates, Ron Lefebvre explains the impacts of what the recent rate cut could mean for Edmonton homeowners, along with other helpful insights on this radio broadcast of The Ryan Jespersen Show on 630 | CHED.

The Mortgage Stress Test is Changing

February 18, 2020 By Benchmark

Today, Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the “stress test.”

Liberal vs. Conservative housing plan: which is better?

September 25, 2019 By Benchmark

Ron Lefebvre explains the impacts of the Liberal plan and the Conservative plan for supporting first-time home buyers on today’s radio broadcast of The Ryan Jespersen Show on 630 | CHED.