Is mortgage insurance a risk to the housing market?

The decision of the CMHC to move more of the exposure from mortgage insurance to the private sector could be a risk in itself, according to the author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash.

Speaking to BNN, Hilliard MacBeth warned that removing the buffer that the unique Canadian arrangement provides could dissuade mortgage lenders from offering such favourable offers to homebuyers.

MacBeth said that if lenders were forced to cut back on the mortgages they offer because of increased risk it “could really hurt the housing market.”
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Halbrite, Queenstown, Wainfleet, Weyburn, Smiths Creek

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?