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Ben Sage, Moving Woodstock

What CMHC’s 15 per cent rate increase means for Buyers

Posted on March 10, 2014 by Ben Sage in Buyer

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.

[Click Here to see the whole article]


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