The COVID-19 pandemic is affecting all sectors of Canada’s economy, including housing.

The Canada Mortgage and Housing Corporation (CMHC) is making changes to its insured mortgages. These tighter underwriting standards may make it more difficult for some to qualify for mortgages with less than a 20% down payment.

You may have read conflicting real estate forecasts recently regarding the housing market. The Canada Mortgage and Housing Corporation (CMHC) reported that house prices are poised for a dramatic drop, that mortgage deferrals could continue to rise, as might arrears.

I’m Melissa Henderson, a Waterloo mortgage agent with access to over fifty lenders.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

We are delighted to announce the launch of our new website!

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