Ottawa's mortgage shakeup a bonanza for homeowners and lenders [Financial Post (Toronto, Ontario, Canada)]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. In all my years of covering the mortgage scene, I can't recall a month so jam-packed with mortgage rule easing. Last week, the feds declared that starting Dec. 15, they're boosting the property value limit for default insurance to $1,499,999.99, increasing the maximum amortization for all insured first-time buyers to 30 years and lifting the maximum amortization for all insured buyers of new construction to 30 years. Borrowers got yet another round of mortgage relief yesterday when The Office of the Superintendent of Financial Institutions announced it was eliminating the federal stress test for uninsured mortgage switches. That change is expected on Nov. 21. For borrowers who need extra flexibility when applying for a mortgage, these developments give them many more options. They're also a bonanza for the lending business itself. Here are six more things to know about this mortgag
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News
- Rental housing leads record growth in Canada's largest cities in 2024 [Wealth Professional (Canada)]Wealth Professional
- Alberta cities power rise in Canadian housing starts as others face slowdown [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Brian Madden's Top Picks for September 26, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Cabot's Stock Rises 16% in Three Months: What's Driving the Rally? [Yahoo! Finance]Yahoo! Finance
- Housing starts up in six largest cities but construction still not closing supply gap [Financial Post (Toronto, Ontario, Canada)]Financial Post
CBT
Earnings
- 8/5/24 - Beat
CBT
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- CBT's page on the SEC website