Here’s a great article written by a colleague of mine, Dustan Woodhouse, about how the new mortgage rules have severely limited purchasing power. The average person if stopped on the street and asked; Are today’s low interest rates driving up house prices? Would likely say ‘yes’. They would be wrong. And we can let their… Read More…
hard to finance mortgage
Mortgage Insurance Premiums Set to Increase
Effective March 17, 2017, high ratio insurance premiums will be increasing. This comes right on the heels of the changes the federal government set out in October. Below is a chart of the new premiums: Loan-to-Value Ratio Standard Premium (Current) Standard Premium (Effective March 17, 2017) Up to and including 65% 0.60% 0.60% Up to… Read More…