Posts tagged with: CMHC

CHMC Increasing Mortgage Insurance Premiums

CMHC Mortgage Insurance Premiums to increase… Canada Mortgage and Housing Corporation (CMHC) is increasing mortgage insurance premiums. The new CMHC rates will apply to any buyer applying for a CMHC insured mortgage as of March 17, 2017. Existing mortgages and renewals will not be impacted.  CMHC reviews its rates annually.This increase has been sparked by [&hellip

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Okanagan & Shuswap Real Estate Statistics – Oct/Nov 2016

2016 is winding down and the experts are starting to forecast what 2017 will look like for B.C.’s real estate market. Over the past month real estate sales slowed. A number of factors suggest we could be heading for a gradual downturn. BCREA suggests less robust economic conditions combined with government policy constraints will slow [&hellip

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Our Unbalanced Fall Real Estate Market

After a wild summer the fall real estate market felt almost sluggish in the Okanagan/Shuswap, but compared to October last year sales in the North Okanagan were still higher. Our Shuswap region saw a slight decrease. These past 12 months have been a roller coaster ride with major changes to the Canadian financial and real [&hellip

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