CMHC raising mortgage insurance premiums, average of 15%:
CMHC to hike mortgage insurance premiums May 1 - The Globe and Mail
However will probably have little impact:
Quote:
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“For the average Canadian home buyer requiring CMHC insured financing, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. This is not expected to have a material impact on the housing market.”
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Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
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