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Monday, April 06, 2015

CMHC to boost premiums for high-risk home buyers

Canada Mortgage and Housing Corp. said it is raising premiums on the highest-risk mortgages – borrowers who have down payments of less than 10 per cent – by 15 per cent starting June 1.
http://www.theglobeandmail.com/report-on-business/economy/housing/the-real-estate-beat/cmhc-premiums-to-jump-for-high-risk-home-buyers/article23776658/


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