If you are getting a mortgage and putting less than 20% down on that home purchase you were required to get mortgage insurance. This insurance is provided through two companies, one being CMHC.
Who is CMHC?
Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, ...
Posted by Patrick Galesloot
on May 22, 2009
Tuesday the Alberta government released latest budget information for the province. Finance and Enterprise Minister Iris Evans released the province's First Quarter Update, showing a forecast surplus of $8.5 billion for 2008-09, $7 billion higher than predicted in Budget 2008. Higher-than-budgeted resource revenues will enable government to increase its savings this year and cover the full cost of ...
Posted by Patrick Galesloot
on August 27, 2008
The City of Red Deer is in the midst of a growth spurt. Through the 90's they like many communities the city held the line on taxes. Now with increases in population and further pressure on infrastructure and City services, Red Deer is facing a tax increase of up-to 7%. Quite a hike compared to other increases we face, but a needed one for long term prosperity. I don't think anyone ...
Posted by Patrick Galesloot
on May 5, 2008
Time of year for giving and it starts at the top. The past few years have been very good for Alberta. Recent announcements and plans released indicate that 2008 will also be a great year in Central Alberta. Both provincial and federal levels of government are workin with regional levels to improve the quality of life for us all. More money is being spent on infrastructure helping ...
Posted by Patrick Galesloot
on December 23, 2007
Penhold... The federal and provincial governments will jointly invest $6 million towards the construction of a multiplex recreation facility in the Town of Penhold.Bob Mills, Member of Parliament for Red Deer, on behalf of the Honourable Rona Ambrose, President of the Queen's Privy Council for Canada, Minister of Intergovernmental Affairs and Minister of Western Economic Diversification, and the Honourable ...
Posted by Patrick Galesloot
on December 23, 2007
With head lines indicating that the end is near, and that we're in a buyers market so look out for falling prices how can 2007 be the best year ever?
By the numbers it is. Volume of sales is up, the average sale price is up, and the economy is strong. This is what it looks like for 2007 in the city of Red Deer:
2006
YTD 2007
Average List Price
$252,791
$313,378
Average ...
Posted by Patrick Galesloot
on November 22, 2007