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UPDATE 2-Canada housing agency hikes premiums to reduce risk

UPDATE 2-Canada housing agency hikes premiums to reduce risk

The government-owned Canada Mortgage and Housing Corporation (CMHC), which plays a similar role to that of Fannie Mae and Freddie Mac in the …
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CMHC raising insurance rate for low-down payment buyers

Canada Mortgage and Housing Corp. is raising the rates it charges to insure mortgage loans by an average of 15 per cent. The federal agency said …
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Maximize Your Down Payment to Keep Housing Costs in Check: BMO

… perfect home this spring, BMO reminds Canadians that the first step to ensuring long-term affordability is having the largest down payment possible. … down payment,” said Laura Parsons, Mortgage Expert, BMO Bank of Montreal.
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