Wednesday, August 7, 2013

CMHC Cools Mortgage Market!

The Feds continue to try and cool the housing market!  CMHC will, effective immediately, limit banks and other mortgage lenders to $350 million worth of new mortgage-backed securities per month.  Given this monthly insurance limit, perhaps you might want to get approved for a mortgage sooner rather than later!

See the entire CBC Business News Article HERE.