CMHC Increases

Canada Mortgage and Housing Corporation (CMHC) announced last week that it will be increasing its mortgage default insurance premiums to reflect CMHC's higher capital targets.

According to CMHC, on average this will amount to approximatelly $5. The changes will not however affect homeowners who already have mortgage default insurance.

 

Aggie Henry

Aggie Henry

REALTORĀ®
CENTURY 21 Elevate Real Estate
Contact Me