The government-backed Canada Mortgage and Housing Corp said on Thursday it would tighten rules for offering mortgage insurance from July 1, after forecasting declines of between 9% and 18% in home prices over the next 12 months.
FILE PHOTO: The Canada Housing Mortgage Corporation logo is pictured in Toronto, Ontario, Canada, July 17, 2018. Picture taken July 17, 2018. REUTERS/Carlo Allegri
It will also limit total gross debt servicing ratios to its standard requirement of 35% of annual income, compared with a threshold as high as 39% currently, and total debt servicing to 42% versus as much as 44% now. Some 35% of Canadian banks’ mortgages are insured, their financial statements show. CMHC is the top mortgage insurer, while Genworth MI Canada and other private companies also provide similar products.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Mortgage applications rise 18% as demand returns to the housing market - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
続きを読む »
Mortgage demand from homebuyers spikes 18%, as interest rates set another record lowThe numbers get stronger each week as homebuyers rush back into the market, hoping to get their hands on what few homes there are for sale. Another record-low mortgage rate didn't hurt.
続きを読む »
Fight the Power: 18 Docs to Help Explain Today's UnrestShould you need context for what's happening in the streets of America right now, these 18 documentaries will give you a history of civil disobedience, police brutality against African-Americans and the need for systematic change
続きを読む »
18 Vintage Boy Names No One Else is Using Yet18 old-school baby boy names that have a hipster vintage feel, but aren't already everywhere
続きを読む »
Mortgage demand from homebuyers spikes 18%, as interest rates set another record lowThe numbers get stronger each week as homebuyers rush back into the market, hoping to get their hands on what few homes there are for sale. Another record-low mortgage rate didn't hurt.
続きを読む »