Feb 28, 2014
By AM740 Staff
Canada’s national housing agency has increased the amount of money that homeowners with less than 20 per cent down payments must pay to insure their mortgages.
Under the new rules, Starting in May, they will range from 0.6 per cent to 3.15 per cent. That’s up from a between 0.5 per cent and 2.75 per cent.