Month: January 2017

New CMHC Premiums: 2 Steps Forward, 1 Step Back?

New CMHC Premiums

CMHC raised their insurance premium rates on January 17th, 2017. These new CMHC premiums are seen as a direct consequence of the regulatory changes that OSFI (Office of the Superintendent of Financial Institutions) implemented in October 2016. Those changes already had immediate impact to non-bank lenders in the industry:  from tougher lender requirements, higher rates… Read more »