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New S61 Mortgage Prepayment Deadlines
For a limited time, S61 co-ops can apply to pay out their high-interest Canada Mortgage and Housing Corporation (CMHC) mortgages without penalty. To do so, they will have to qualify for a loan from the private market where they will enjoy the benefit of lower interest rates. (Loan applicants will be
Cannabis Legalization and Housing Co-ops
New Money from CMHC for Planning
Is your co-op thinking of completing a Building Condition Assessment (BCA) or a Capital Replacement Reserve Plan (CRP)? Now’s your chance.
Canada Mortgage and Housing Corporation (CMHC) has just announced the Preservation Fund, an offshoot of their Seed Funding program, which allows co-ops with
CMHC’s Federal Community Housing Initiative survey
Canada Mortgage and Housing Corporation (CMHC) invites all federally-administered housing providers to complete a survey which will help inform the development of options for the Federal Community Housing Initiative (FCHI) Phase 2 that will be implemented starting April 1, 2020. Federally
The Conversation Continues on Social Media
Tip of the Month
High-Risk Clients
Clients at High risk make up only 9.9% of the Agency’s portfolio, down from 16.3% in 2008. Proof that struggling co-ops can strengthen their operations.