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  • Mortgage Rates & CMHC fee increase

    On May 1st CMHC will increase mortgage insurance fees. This increase will apply to all mortgage pre-approvals and mortgage approvals after April 30th (with an offer to purchase). 5% down payment  CMHC fee increases from 2.75% to 3.15% (up $1,200 on a $300,000 mtg) 10% down payment  CMHC fee increases from 2.00% to 2.40% (also up ...
    Posted to TORONTO AND AREA REAL ESTATE MARKET NEWS BLOG (Weblog) by 31323 on April 8, 2014
  • Toronto real estate in January 2012

        Canadian housing starts unexpectedly retreated in the first month of 2012 as a result of considerable decline in urban single units and slowdown in multiples. The seasonally adjusted annual rate of starts decline 1 percent to 197,900 units in January from 199,900 units a month earlier, Canada Mortgage and Housing Corp. ...
    Posted to TORONTO AND AREA REAL ESTATE MARKET NEWS BLOG (Weblog) by 31323 on February 8, 2012