Many first-time homebuyers may not be familiar with CMHC Insurance Fees until they walk into their first mortgage meeting and find out that they have to pay a lot more money than they initially expected. This can be shocking to…
Many first-time homebuyers may not be familiar with CMHC Insurance Fees until they walk into their first mortgage meeting and find out that they have to pay a lot more money than they initially expected. This can be shocking to…
On Jan 21st 2015, the Bank of Canada surprised investors by cutting their overnight lending rate from 1% to .75%. Simply, the overnight lending rate is the interest rate that Canadian banks borrow at to cover their daily operations. This…