Lately we have all been hearing that CMHC is reaching it's $600 Billion insurance
cap imposed by the Federal Government who insures mortgages from banks where
people put down less than 20% down. It's been said that banks are even insuring
loans where people have more than 20% invested for "accounting" purposes and yield
more assets after all these loans are backed by Tax payer money and they have
everything to gain and nothing to lose.
So who is the losers with this recent announcements?
Watch the video and let me know what you think and if you are looking to Buy and Sell give us a call.
Regards, Jas Jagpal, Broker
REMAX Dynasty Realty Inc. Brokerge
firstname.lastname@example.org O: 905.471.0002