CMHC to Increase Mortgage Insurance Premiums (Canada)

By
Real Estate Agent with iPRO REALTY LTD.,Brokerage

I always believed that our federal government's actions mostly result in making market hot. Here is another one. There will now be rush to purchase and close the purchase before the new premiums kick-in. Although the increase is very modest...but you know people spend weeks looking for mortgage rate that is probably less by .10 bps. For someone on a very tight budget, this increase may be too much digest.

Click here to read the press release.

Posted by

 

Rajeev Narula, Broker, REALTOR®

iPro Realty Ltd.,Brokerage

30 Eglinton Ave. W., Unit C12

Mississauga, ON  L5R 3E7

Bus: 905-507-IPRO (4776)

Mobile: 416-648-6144

Fax: 905-507-7338

Web: www.RAJEEV.ca

Mobile site: www.rajeev.ca/m/  

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