CMHC Financing
Apr 10 News
This may start a mad dash to the Home Buying "finish line" to purchase a home before the rates change. It may also encourage buyers, especially first time buyers to save more of a downpayment to avoid paying CMHC mortgage insurance. What is important is that you purchase a home that you can afford and that should something such as the need to replace a furnace doesn't send you to defaulting on your mortgage.
Cameron Nolan is a long-time resident of Hamilton and a leading residential and commercial real estate broker in the area. His radio show Real Estate Made Simple can be heard on the first Saturday of every month on AM 900 CHML.