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New CMHC Down Payment Rules Now in Effect

by Josh | Feb 17, 2016 | Economic, Mortgage Products, Mortgage Tips & Advice, News

New federal mortgage rules are now officially in effect, but most market watchers don’t expect to see much change. Just to recap: Ottawa has boosted the minimum down payment on insured mortgages valued at $500,000 to $999,000. In order to get mortgage insurance...

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