Archives for June 2020

CMHC Mortgage Qualification Rule Changes

The Canadian Housing Mortgage Corporation (CMHC) the largest mortgage insurance provider in Canada is making changes to their qualification rules. As of July 1, 2020 all high ratio mortgage applications or those with less than 20% down will have to comply to tighter Continue Reading

May 2020 Market Statistics

Here we are nearly half way through 2020 and sitting down at the end of the first week of June looking back on May activity. Stronger market her in Kamloops in May than what we saw in March & April, a good sign that the typical spring market is beginning but also Continue Reading