Thursday, February 27, 2014

CMHC Announces Announcment

You know it's big when they announce an announcement. What do you think they will be announcing? I can only guess but with rising prices on homes and low rates I think whatever it is, it will be a little more difficult to buy a house. There is speculation that the minimum down payment required for a purchase will be 10% up from the 5% required now.
http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2014/02/cmhc-announces-an-announcement.html

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