CMHC Reaching Insurance Limit, how will that affect Home Buyers?

February 4, 2012 - Updated: February 4, 2012

CMHC INSURANCE LIMIT Toronto Canada

Click the Above Picture to Watch Video

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
jasjagpal@gmail.com  O: 905.471.0002


Tagged with: jas jagpal insurance first-time buyers markham real estate canadian housing mortgage corporation cmhc
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