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Blog by Troy Mitchell

4 4-1356 Nordic Road, Courtenay, BC

April 24th, 2007

I just sold this Townhouse at 4 4-1356 Nordic Road, Courtenay, BC .

View this recently sold Townhouse or see all my home sales

CMHC Lowers Down Payment

April 24th, 2007

Effective immediately:

A federal law that lowers the level where mortgage insurance is required came into effect Friday, and we believe the change could save many would-be homebuyers $2,000 or more.

For the last 40 years, homebuyers have been required to buy mortgage insurance from Canadian Mortgage & Housing Corporation (CMHC) or another insurer unless their down payment equaled at least ...