Canada's national housing agency has increased the amount of money that homeowners with less than 20 per cent down payments must pay to insure their mortgages.
Starting in May, the housing agency will charge an average of about 15 per cent more to insure mortgages, CMHC said in a release Friday.
Prior to the announcement, the premiums ranged between 0.5 per cent and 2.75 per cent. Under the new ...
March 14, 2014