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Blog by Linda M Linfoot

CMHC Housing Market Outlook for British Columbia in 2013 and 2014

August 16th, 2013
VANCOUVER, BRITISH COLUMBIA, Aug 15, 2013 (Marketwired via COMTEX) -- According to Canada Mortgage and Housing Corporation's (CMHC) Third Quarter Housing Market Outlook British Columbia Highlights report, housing starts in British Columbia are forecast to total 27,100 homes in 2013 and 28,600 homes in 2014. "Single-detached housing starts are forecast to increase this year and next. M ...
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Posted in General

The Cap on MBS Insurance

August 13th, 2013
Most Canadian mortgage lenders fund some portion of their mortgage lending using CMHC’s National Housing Act Mortgage Backed Securities (NHA MBS). That is, cash flows from mortgages are aggregated into investment securities and then sold to investors through a process called securitization. Payments from these mortgage backed securities are guaranteed by the CMHC, and therefore backed ...
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Posted in Mortgage Information

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