Time to change the rules on Canada's mortgage default insurance Petition: Signature List Feed

Miss Sophie Wong [Signature #133]

Wed, 19 Feb 2020 02:55:47 UTC

Miss Sophie Wong, Kowloon, Kowloon

Mr. john bradley [Signature #132]

Wed, 18 Sep 2019 04:37:51 UTC

Mr. john bradley, toronto, Ontario

Mrs Anonymous [Signature #131]

Mon, 10 Sep 2018 06:20:28 UTC

Anonymous, Oshawa, Ontario

I completely agree with you. When my husband and I purchased our first home, we had to pay this insurance. We were so close, only had to raise 5% more. At the time I remember getting the feeling that this whole thing Didn’t feel right and after reading your book, it now confirms it for me. Thank you for providing this information and for taking the time to fight for this cause.

Mr Edwin Peters [Signature #130]

Tue, 29 May 2018 02:02:36 UTC

Mr Edwin Peters, Brampton, Ontario

Anonymous [Signature #129]

Tue, 1 May 2018 02:42:48 UTC

Anonymous, Mississauga, ON

Mr Kulvinder Makkar [Signature #128]

Sun, 12 Nov 2017 08:41:58 UTC

Mr Kulvinder Makkar, Mississauga, Ontario

We the undersigned, call on Canada’s Office of Consumer Affairs and Competition Bureau, to change the rules governing the practice of mortgage default insurance so that we as consumers may have greater choice in acquiring this mandatory insurance coverage; that the protection be offered on a monthly basis; that the cost of the insurance be based on the true level of risk (the amount of money above the 80% loan-to-value threshold); that we can cancel the policy at any time if the aforementioned risk is eliminated; and that the absurd practice of giving the insurer recourse to money paid out be abolished

Mr Leonardo Calenda di Tavani [Signature #127]

Sun, 12 Nov 2017 02:17:54 UTC

Mr Leonardo Calenda di Tavani, Etobicoke, Ontario

Mr. Ian Cowan [Signature #126]

Tue, 11 Jul 2017 08:30:14 UTC

Mr. Ian Cowan, Dunnville, Ontario

Mr. Stanley Yu [Signature #125]

Fri, 5 May 2017 09:45:57 UTC

Mr. Stanley Yu, Sherwood Park, AB

Mr. Anonymous [Signature #124]

Wed, 15 Feb 2017 05:36:15 UTC

Anonymous, Oakville, ON

Mr Victor Chin [Signature #123]

Sun, 12 Feb 2017 01:10:09 UTC

Mr Victor Chin, Mississauga, Ontario

Anonymous [Signature #122]

Tue, 7 Feb 2017 06:40:06 UTC

Anonymous, Burlington, Ontario

Ms. Samantha Anderson [Signature #121]

Tue, 7 Feb 2017 04:51:19 UTC

Ms. Samantha Anderson, Hamilton, Ontario

Mark Anthony Terrado [Signature #120]

Thu, 5 Jan 2017 12:29:08 UTC

Mark Anthony Terrado, Brampton, Ontario

Mr. Anonymous [Signature #119]

Mon, 19 Dec 2016 04:55:59 UTC

Anonymous, Mississauga, ON

Anonymous [Signature #118]

Mon, 14 Nov 2016 12:49:46 UTC

Anonymous, Calgary, Alberta

Betty Talbot [Signature #117]

Tue, 8 Nov 2016 02:22:55 UTC

Betty Talbot, FORT ERIE, ON

Mrs Barb Thomas [Signature #116]

Tue, 8 Nov 2016 11:14:52 UTC

Mrs Barb Thomas, Waterdown, Ontario

Mrs Michelle Anderson [Signature #115]

Tue, 8 Nov 2016 09:09:54 UTC

Mrs Michelle Anderson, Hamilton, Ontario

Mr. Anonymous [Signature #114]

Mon, 19 Sep 2016 08:25:27 UTC

Anonymous, Markham, ON - Ontario

Ms. Anonymous [Signature #113]

Mon, 25 Jul 2016 02:21:51 UTC

Anonymous, Oakville, Ontario

Mr Anvaar Rasool [Signature #112]

Wed, 13 Jul 2016 04:03:39 UTC

Mr Anvaar Rasool, Oakville, Ontario

Mr. Anonymous [Signature #111]

Sat, 11 Jun 2016 07:04:06 UTC

Anonymous, Brampton, Ontario

ms ashleigh brown [Signature #110]

Mon, 16 May 2016 09:41:37 UTC

ms ashleigh brown, toronto, ontario

Nirav B [Signature #109]

Sun, 15 May 2016 02:27:06 UTC

Nirav B, Brampton, Ontario

Mr. Sanpreet Singh [Signature #108]

Sat, 14 May 2016 08:27:10 UTC

Mr. Sanpreet Singh, Brampton, Ontario

Anonymous [Signature #107]

Sat, 14 May 2016 06:10:26 UTC

Anonymous, toronto, Ontario

Thanks Urz Heer [Signature #106]

Wed, 27 Apr 2016 06:43:06 UTC

Thanks Urz Heer, Brampton, Ontario

Mrs Kara Herbeson [Signature #105]

Sat, 19 Mar 2016 10:51:26 UTC

Mrs Kara Herbeson, Burlington, Ontario

Jacqueline Haynes [Signature #104]

Sun, 28 Feb 2016 07:54:30 UTC

Jacqueline Haynes, Cambrige, Ontario

Mrs Amanda Pulford [Signature #103]

Sat, 16 Jan 2016 07:14:40 UTC

Mrs Amanda Pulford, Guelph, Ontario

SANJAYKUMAR SHAH [Signature #102]

Sat, 16 Jan 2016 06:03:21 UTC

SANJAYKUMAR SHAH, BRAMPTON, Ontario

Michael McGregor [Signature #101]

Sun, 3 Jan 2016 11:35:48 UTC

Michael McGregor, Langford, BC

Mr Sergio DeRose [Signature #100]

Sun, 13 Dec 2015 05:50:31 UTC

Mr Sergio DeRose, Hamilton, Ontario

Mr George Dunbar [Signature #99]

Tue, 20 Oct 2015 07:14:43 UTC

Mr George Dunbar, Surrey, BC

Based on all the information and research I have done on this issue I strongly believe that change needs to occur.

Anonymous [Signature #98]

Tue, 14 Apr 2015 12:17:57 UTC

Anonymous, London, Ontario

Mr David Funk [Signature #97]

Sat, 18 Oct 2014 10:20:57 UTC

Mr David Funk, Winnipeg, Manitoba

Please end this practice which is very close to extortion in actual practice

Mr Tonny Jung [Signature #96]

Thu, 4 Sep 2014 01:04:34 UTC

Mr Tonny Jung, Edmonton, Alberta

I too agree that default mortgage should be reasonable and be payable on a monthly basis instead of a front one time fee.

Maybe if we can prove we no longer owe for 70% of the loan should we be able to cancel insurance. I would still be grateful insurance was able to help when I needed them.

Just I wish they can be more fair in their conduct so I can be as well.

Mr. Kenneth Lim [Signature #95]

Sun, 1 Jun 2014 08:33:52 UTC

Mr. Kenneth Lim, Toronto, Ontario

Stand up for what's just and fair

Mr Steve Pequegnat [Signature #94]

Sun, 6 Apr 2014 09:14:24 UTC

Mr Steve Pequegnat, Stittsville, Ontario

mr. Alex Roop [Signature #93]

Mon, 17 Mar 2014 01:44:45 UTC

mr. Alex Roop, Vancouver, B.C.

Mr Kevin St.Amand [Signature #92]

Sun, 2 Mar 2014 08:28:35 UTC

Mr Kevin St.Amand, Sylvan Lake, Alberta

Mr Anonymous [Signature #91]

Fri, 28 Feb 2014 02:25:47 UTC

Anonymous, Hamilton, ON

Mr Anonymous [Signature #90]

Wed, 12 Feb 2014 08:00:17 UTC

Anonymous, Mississauga, ON

Its about time something was done to correct this injustice.

Anonymous [Signature #89]

Wed, 22 Jan 2014 07:43:31 UTC

Anonymous, London, Ontario

Craig Pritchard [Signature #88]

Tue, 21 Jan 2014 10:43:46 UTC

Craig Pritchard, London, ON

As a licensed mortgage broker I completely agree with Blair Anderson, very well said!

Mrs Sarah Hissett [Signature #87]

Mon, 20 Jan 2014 11:49:05 UTC

Mrs Sarah Hissett, Airdrie, Alberta

Mrs Michelle Miller [Signature #86]

Mon, 6 Jan 2014 02:59:52 UTC

Mrs Michelle Miller, Spruce Grove, Alberta

Emily Snider [Signature #85]

Mon, 30 Dec 2013 04:15:01 UTC

Emily Snider, Ottawa, Ontario

Mr Anonymous [Signature #84]

Thu, 27 Jun 2013 02:36:31 UTC

Anonymous, Calgary, AB

Mr Sunil Sodhi [Signature #83]

Tue, 25 Jun 2013 09:52:47 UTC

Mr Sunil Sodhi, Mississauga, Ontario

Mr Anonymous [Signature #82]

Fri, 21 Jun 2013 03:54:41 UTC

Anonymous, Brantford, Ontario

mr david love [Signature #81]

Thu, 20 Jun 2013 11:37:23 UTC

mr david love, toronto, canada

Anonymous [Signature #80]

Sun, 16 Jun 2013 08:35:27 UTC

Anonymous, Ontario, Ontario

Will Wray [Signature #79]

Sat, 15 Jun 2013 10:06:06 UTC

Will Wray, Montréal, Québec

Mortgage default insurance is a nasty setup. Would-be home-buyers of limited means have to pay a debt-collector upfront to come after them in the case that they default and their house is sold at less than value, the high cost of the 'insurance' making this default more likely! Outrageous.

mustafa awan [Signature #78]

Mon, 27 May 2013 07:13:22 UTC

mustafa awan, brampton, on

Mr. Mansoor Khan [Signature #77]

Mon, 27 May 2013 06:37:41 UTC

Mr. Mansoor Khan, Marrkham, on

Mr. Azeem Baig [Signature #76]

Sun, 26 May 2013 03:22:57 UTC

Mr. Azeem Baig, Mississauga, ON, Canada

Lloyd Manning [Signature #75]

Thu, 28 Feb 2013 02:30:27 UTC

Lloyd Manning, Lloydminster, Alberta

Mr John Vis [Signature #74]

Tue, 1 Jan 2013 06:55:09 UTC

Mr John Vis, Burnaby, BC

One often wonders if government really favours affordable housing or meerly pays lip service. Updating this archaic system where the rich get richer at the expense of young families is long overdue.

Anonymous [Signature #73]

Fri, 23 Nov 2012 02:13:10 UTC

Anonymous, burnaby, bc

Mr Mark Dooley [Signature #72]

Mon, 19 Nov 2012 06:17:28 UTC

Mr Mark Dooley, Toronto, Canada

Mr Stefan Tudor [Signature #71]

Thu, 1 Nov 2012 03:15:41 UTC

Mr Stefan Tudor, Richmond Hill, ON

Mr SERGEY NISMAN [Signature #70]

Wed, 31 Oct 2012 11:20:47 UTC

Mr SERGEY NISMAN, RICHMOND HILL, ON

joe zimbalatti [Signature #69]

Fri, 12 Oct 2012 02:13:45 UTC

joe zimbalatti, north bay, on

Ron Zimbalatti [Signature #68]

Fri, 12 Oct 2012 02:11:08 UTC

Ron Zimbalatti, Toronto, Ont.

Don Smith [Signature #67]

Thu, 6 Sep 2012 03:46:48 UTC

Don Smith, Burlington, Ontario

Miss Anonymous [Signature #66]

Sun, 2 Sep 2012 09:45:50 UTC

Anonymous, Stoney Creek, Ontario

Dr Andrzej Rochowski [Signature #65]

Mon, 27 Aug 2012 05:24:45 UTC

Dr Andrzej Rochowski, Ottawa, Ontario

Mr. Exel Villaruz [Signature #64]

Mon, 2 Jul 2012 09:26:16 UTC

Mr. Exel Villaruz, Mississauga, Ontario

Wendy Starr [Signature #63]

Fri, 29 Jun 2012 11:37:15 UTC

Wendy Starr, Burlington, Ontario

Mrs Michelle Anderson [Signature #62]

Wed, 9 May 2012 10:39:01 UTC

Mrs Michelle Anderson, Dundas, Ontario

Teresa Yong [Signature #61]

Mon, 2 Apr 2012 01:31:53 UTC

Teresa Yong, Calgary, Alberta

Mrs. Elizabeth Windmill [Signature #60]

Thu, 22 Mar 2012 12:54:17 UTC

Mrs. Elizabeth Windmill, Coldstream, BC

Thank you for Doing something about this!

Mr. Ivan Stephen [Signature #59]

Wed, 21 Mar 2012 01:46:02 UTC

Mr. Ivan Stephen, St. Catharines, ON

Our financial industry is adept at designing its products for maximum deception. Credit unions are following the same practices as the banks, and none of the industry is effectively regulated. As much as possible, I am now avoiding the banks and utilizing the financial resources of my family to manage my personal and business finances.

Mr Ken Peckham [Signature #58]

Thu, 15 Mar 2012 12:16:51 UTC

Mr Ken Peckham, St. John's, Newfoundland and Labrador

Changes need to be made to the mortgage default insurance coverage.

Barry Savage [Signature #57]

Thu, 1 Mar 2012 09:26:51 UTC

Barry Savage, Toronto, Ontario

Transparency is vital! Premium rates based total mortgage can be actuarially sound but the 80% LTV seems to imply to consumers that only the portion above 80% is insured.

It is actuarially possible to base rates on the amount above 80% and only while this condition lasts. This should be the only required coverage. If lenders want insurance for the conventional portion they should pay for it themselves as they currently do for some conventional mortgages!

Mr. Aaron McConachie [Signature #56]

Thu, 23 Feb 2012 07:21:16 UTC

Mr. Aaron McConachie, Burlington, Ontario

Homeowners should not have to pay mortgage default insurance premiums even after their mortgage has been reduced to less than 80% of the home's value.

Ms Ernestina Rietveld [Signature #55]

Thu, 9 Feb 2012 08:25:59 UTC

Ms Ernestina Rietveld, Burlington, ON

Mr D Charles Groocock [Signature #54]

Fri, 6 Jan 2012 07:20:35 UTC

Mr D Charles Groocock, Stratford, Ontario

I fully back this petition...people are given a false sense of security when paying for this type of coverage.

Mr. Dennis Peddle [Signature #53]

Thu, 22 Dec 2011 10:56:05 UTC

Mr. Dennis Peddle, Sault Ste. Marie, Ontario

Why is the consumer even paying for the insurance if it only acts to benefit the banks? Every other business has to pay for their own insurance yet here the bank makes the consumer pay for the bank's insurance? Every business has inherent risks: the greater the profits, the greater the risk. Apparently not with default insurance, the banks are requiring the consumer to protect their added risk meanwhile the bank just takes the added profit.

Mr Kevin Power [Signature #52]

Wed, 23 Nov 2011 12:15:30 UTC

Mr Kevin Power, Waterloo, Ontario, Canada

Changes are need and more options for default mortgage insurance should be made available to consumers.

ms Isabel Ruiz [Signature #51]

Sat, 19 Nov 2011 11:47:15 UTC

ms Isabel Ruiz, Oakville, Ontario

Mr Anonymous [Signature #50]

Tue, 15 Nov 2011 03:35:26 UTC

Anonymous, Calgary, Alberta

I agree that the Mortgage Insurance premiums should only be calculated on the money that is 'highest at risk' and not the total mortgage. The current situation is 'bad math' that 'for profit' takes advantage of the average homeowner's general laziness and financially unsophisticated nature of the general population of Canada.

Mrs Hye Young Johnson [Signature #49]

Wed, 9 Nov 2011 11:36:36 UTC

Mrs Hye Young Johnson, Ottawa, Ontario

I do believe that the mtge premium insurance is not a fair competition.

Mr Paul Clarke [Signature #48]

Sun, 30 Oct 2011 12:39:45 UTC

Mr Paul Clarke, Newmarket, Ontario

Mr. John St. CYR [Signature #47]

Thu, 27 Oct 2011 05:10:01 UTC

Mr. John St. CYR, Ancaster, Ontario

Agree wholeheartedly with comments views and recommendation.

Anonymous [Signature #46]

Wed, 26 Oct 2011 02:33:57 UTC

Anonymous, Toronto, ON

Mr. Anil Balaram [Signature #45]

Wed, 26 Oct 2011 10:23:38 UTC

Mr. Anil Balaram, Ottawa, ON

It would be good to see some updates in the area of mortgage insurance. The current duopoly is not good for anyone.

josephine watson [Signature #44]

Sat, 22 Oct 2011 07:37:25 UTC

josephine watson, burlington, ontario

MR JOHN HOFSINK [Signature #43]

Tue, 18 Oct 2011 08:06:06 UTC

MR JOHN HOFSINK, BURLINGTON, ONTARIO

The present plan is outright theft. and needs to be changed asap.

Rob Farr [Signature #42]

Tue, 18 Oct 2011 07:31:19 UTC

Rob Farr, Toronto, ON

Mr Domenico Depalma [Signature #41]

Sun, 16 Oct 2011 10:46:06 UTC

Mr Domenico Depalma, Mississauga, Ontario

Ms Michelle Clarke [Signature #40]

Tue, 11 Oct 2011 08:55:11 UTC

Ms Michelle Clarke, Newmarket, Ontario

Don Meehan [Signature #39]

Tue, 11 Oct 2011 08:44:02 UTC

Don Meehan, Burlington, Ontario

Mr. David Bowen [Signature #38]

Thu, 6 Oct 2011 04:29:58 UTC

Mr. David Bowen, Burlington, ON

mrs. Anonymous [Signature #37]

Mon, 3 Oct 2011 06:07:15 UTC

Anonymous, Burlington, ONtario

Mr Brad Klinck [Signature #36]

Mon, 3 Oct 2011 03:34:36 UTC

Mr Brad Klinck, Burlington, Ontario

Peter Sangster [Signature #35]

Mon, 3 Oct 2011 03:17:24 UTC

Peter Sangster, Burlington, ON.

Megan Epstein [Signature #34]

Sat, 1 Oct 2011 02:53:43 UTC

Megan Epstein, Mount Albert, Ontario