How CMHC Steals Billions | Canadian Real Estate News [Video]

The government of Canada is turning first time home buyers into a way to generate revenue by turning CMHC into a tax on those first-time home buyers. CMHC is stealing billions of dollars from first time home buyers in Canada through CMHC fees.

𝗟𝗲𝘁 𝗺𝗲 𝗳𝗶𝗻𝗱 𝘆𝗼𝘂 𝘁𝗵𝗲 𝗽𝗲𝗿𝗳𝗲𝗰𝘁 𝗥𝗲𝗮𝗹𝘁𝗼𝗿!
📆 𝗕𝗼𝗼𝗸 𝗮 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗲! https://calendly.com/matthewpfeifer

This is your weekly look at the Canadian real estate news.

𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝗱𝗼𝗲𝘀 𝗶𝘁 𝗰𝗼𝘀𝘁 𝘁𝗼 𝗯𝘂𝘆 𝗮 𝗵𝗼𝘂𝘀𝗲 𝗶𝗻 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗰𝗶𝘁𝗶𝗲𝘀?
https://www.youtube.com/playlist?list=PLJIsqXO9b_ojZvLvtDGgZnzTc8gdyW0vW

𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲: https://youtube.com/playlist?list=PLJIsqXO9b_ojeDVbwhhiZVxJl0MGqOe2D

𝗗𝗼𝗻’𝘁 𝗳𝗼𝗿𝗴𝗲𝘁 𝘁𝗼 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 𝘁𝗼 𝗺𝘆 𝗰𝗵𝗮𝗻𝗻𝗲𝗹: https://www.youtube.com/channel/UCQtcFSrs6t8mdztfu_wfstA?sub_confirmation=1

𝗠𝗮𝘁𝘁𝗵𝗲𝘄 𝗣𝗳𝗲𝗶𝗳𝗲𝗿’𝘀 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻:
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Royal LePage Next Level

𝗦𝗼𝘂𝗿𝗰𝗲𝘀:

https://www.canadianmortgagetrends.com/2024/03/cmhc-announces-an-end-to-its-first-time-home-buyer-incentive/

https://financialpost.com/news/mortgage-delinquency-rates-ontario-british-columbia-soar

https://cba.ca/mortgages-in-arrears

https://nationalpost.com/opinion/chrystia-freeland-affordable-housing

https://rentals.ca/national-rent-report

https://financialpost.com/real-estate/mortgages/cmhc-to-give-ottawa-a-special-4-billion-dividend-after-hiking-mortgage-insurance-premiums

https://financialpost.com/real-estate/cmhc-cuts-dividend-payments-fuel-rental-housing-growth

https://www.cbc.ca/news/business/cmhc-mortgage-insurance-1.3938943

https://www.cmhc-schl.gc.ca/media-newsroom/news-releases/2023/cmhc-releases-results-q2-2023

My name is Matthew Pfeifer, and this is Bald Prairie Real estate, a Canadian real estate channel. I am a REALTOR® in Regina Saskatchewan working for Royal LePage Next Level. In over 10 years working as a real estate agent, I have seen both ups and downs in the market. But there is no real estate market that you cannot buy or sell a house in. Often the media tries to present a Canadian real estate market, or they talk about the real estate market in Canada as if there is a national real estate market. The real estate market in Canada is very regionalized and local, which is why my monthly Canadian real estate market does not just look at the national statistics, or updates that cover Vancouver and Toronto only, but other individual cities like Calgary, Halifax, Montreal and more. The very local aspect of the Canadian real estate market is why it can be so hard for governments to craft policy for the “Canadian” real estate market. Being from Regina, me and my team specialize in the Regina real estate market and have a much different approach and outlook on Canadian real estate than a REALTOR® from a larger market like Toronto or Vancouver. I cover first-time home buyer topics, tips for selling your home, how to buy a house in Canada, monthly Canadian housing market updates and weekly Canadian real estate news recaps.

#realestate #firsttimehomebuyer #CMHC