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CMHC Increase and the Average Buyer

On Friday, February 28th, the CMHC (Canadian Mortgage Housing Corporation) made a public announcement that they will be increasing its homeowner mortgage loan insurance premiums effective May 1, 2014.  So, now you may ask, “How does this affect my home purchase?” In Canada, mortgage lenders require Buyers to pay for a mortgage insurance if the [...]

2016-12-09T04:24:53+00:00March 8th, 2014|Buying|0 Comments