Month: February 2017

Why Are Conventional Mortgages Getting More Expensive?

By: Penelope Graham, Zoocasa In mid-January, the Canada Mortgage and Housing Corporation (CMHC) announced it was increasing the premiums for mortgage default insurance. That they hiked rates is nothing new – the Crown housing agency raised premiums by 15% in May 2014 and June 2015 as part of efforts to reduce its insurance-in-force and the… Read more »