Tag Archives: Insurance

Last week the Canada Mortgage and Housing Corp (CMHC) announced an increase in its mortgage default insurance applicable to Buyers who pay less than 10% of the downpayment while purchasing a property. This increase is set to come into effect as of June 1st and does not apply to mortgages currently insured by the CMHC. What is Mortgage Insurance? Much …

Some time has passed since Toronto homes were awash by nearly 97mm of rain, yet many residents still struggle with what the storm left behind. Although an exact number has yet to be tallied, experts surmise that the insured losses from this storm could well exceed $600-million. If these predictions are accurate, this storm stands a contender against southwestern Ontario’s …