Who is CMHC and What are Their Guidelines? CMHC (Canadian Mortgage Housing Corporation) is a Crown Corporation and one of three mortgage default insurers in Canada. If you have a down payment equal to less than 20% of the purchase price of a home, you are obligated to...

With COVID-19 causing financial uncertainty for many Canadians, the Federal Government recently announced that all the big banks may be able to offer assistance to borrowers who currently have mortgages with them. The only thing is, there is no guidelines and everythin...

As we continue to navigate the fallout that the COVID-19 pandemic has inflicted on our day-to-day lives, we wanted to provide some information and resources as it relates to your mortgage and personal finance.