Ben Sage, Moving Woodstock
What CMHC’s 15 per cent rate increase means for Buyers
Original article written by Mark Weisleder, and posted by The Toronto Star.
Canada Mortgage and Housing Corp., the federal agency that insures mortgages, is raising its rates by an average 15 per cent on May 1.
Although this is not good news for homebuyers since it will add to the cost of many purchases, the overall impact isn’t disastrous.
I have been successful helping clients buy, sell, or lease residential, commercial, or investment properties in the Woodstock, Ontario area since August of 2007. With technical experience ... Read More...