Archive for June, 2006

Reduction in Monthly Mortgage Costs

Canada Mortgage and Housing Corporation is helping to make homeownership more affordable and accessible for Canadians by eliminating homeowner high-ratio mortgage insurance application fees, and offering insurance for mortgages with longer amortizations and more flexible repayment options. Read More

May Housing Starts Continue to Decline

“Housing starts last month were nearly unchanged from their April level,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “May marks the fourth consecutive month in which single detached starts have moved lower. Housing starts are expected to continue to trend marginally lower throughout this year and next as housing demand eases in response to rising mortgage carrying costs.” Read More




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