Ever changing

It has been another week of changes in the land of mortgages. CMHC announced last Friday that it would no longer be offering insurance for home valued over $1 million. It will also eliminate insurance for the financing on construction mortgages for multi-unit condominiums. This will certainly impact larger cities like Vancouver, Toronto and even Calgary. In an ever changing market, it is important to know how regulatory changes will affect you if you are considering buying a home or refinancing. Please contact me any time to review your situation and make sure your mortgage is in line with you financial goals. And remember, my services are free to you so please call me today!