CMHC continues to tweak the mortgage market in Canada.  Today they announced a slight increase in the premiums they charge on mortgages.  The increase is about 15% on average.  You can see the changes here. This change does not affect any current CMHC insured mortgages.  It only applies to new mortgages “approved” after May 1st.  […]

By Christos Gitersos        I’ve ran in to a couple people in the past few weeks that have taken cash back mortgages. Particularly with one bank who is promoting them heavily. You have to be very leery of them as they may not work out as you thought. Remember, this money is not […]