New listing of FOUR investment properties in Richmond
What if mortgages were more expensive and less accessible?
From The Globe and Mail, by Robert McLister – Oct 1, 2012
If you’re a first-time home buyer, odds are that you don’t have a 20-per-cent down payment. Without one, you typically need mortgage default insurance to buy a home.
The biggest provider of that insurance is government-owned Canada Mortgage and Housing Corp. (CMHC). Since the credit crisis four years ago, its mortgage role has been hotly debated.
On the one hand, CMHC makes mortgages cheaper and more accessible. On the...
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