CMHC address less than 10% down mortgages

Buyers with less than 10% down when purchasing a property are about to face a hike in their mortgage default insurance, if they do business with Canada Mortgage and Housing Corp. "As a result of its annual review of its insurance products and capital requirements, CMHC is increasing its homeowner mortgage loan insurance premiums for homebuyers…
This will mean a difference of about $450.00 per $100,000 of mortgage. 

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