Reforms to revive insured mortgages, DBRS says
==========
Morningstar DBRS states that recent federal government reforms will effectively rejuvenate the insured mortgage market; reforms include allowing 30-year amortizations for first-time home buyers and increasing the price cap from $1 million to $1.5 million; DBRS revised its outlook for insured mortgages positively, contrasting with previous budget measures expected to have minimal impact; since mid-2016, the value of banks' insured mortgages has decreased by approximately $150 billion to $385 billion, while uninsured mortgages have nearly tripled to $1.2 trillion; DBRS anticipates renewed growth in the insured mortgage segment starting mid-December 2024, despite some risks associated with higher-priced properties.
#Mortgages #Housing #FinancialServices #Reforms #Dbrs #Canada #Insurance #Economy #Banking #RealEstate
https://www.investmentexecutive.com/news/research-and-markets/reforms-to-revive-insured-mortgages-dbrs-says/
Oddbean new post about login | logout