xhamster porno

I Would Like to be Contacted

First name:
Last name:

Validation code:
   * All fields are mandatory

Contact Information

2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com


10 May 2019

CMHC is willing to share benefits and losses from the new first-time buyer plan

The new plan for improving housing affordability for millennials may lead to shared gains and losses for taxpayers.

As you know, March federal budget includes spending about $1.25 billion during the next three years by Canada’s housing agency for taking equity stakes in properties purchased by first-time buyers. CMHC plans to provide up to 10% funding for new properties and 5% for the existing ones in order to decrease mortgage expenses for buyers with low and middle income.

The plan was developed for reducing housing costs for the growing number of millennials who are struggling to get their own property in Toronto and Vancouver, where the average home price was up by almost 60% in five years.

“In case we take a $10,000 interest on a $100,000 home, no matter what gains or losses are, we share it”, - noted Evan Siddall, CEO of CMHC.

The Corp. will start the program in September. It’s included into the number of plans aimed at making real estate more affordable for millennials. The national prices increase reached 40% in five years.

According to Siddall, the program will not cause a significant prices growth, as the maximum influence could reach 0.02%-0.04%.

He says the maximum limit on losses for the program hasn’t been determined yet. “Canada’s government doesn’t want to take profit from it, we don’t want to trigger prices increase, so we are searching for ways to control it”.



Add comment

Security code


19 July 2019

The first decline of a qualifying mortgage rate since B-20 took effect It’s the first time that the interest rate used for mortgage stress tests went...Read more >>

18 July 2019

Canadian and Chinese consumers are among the most popular foreign home buyers in the U.S. Canadians are still among main buyers of residential homes ...Read more >>

17 July 2019

Alternative lending becomes more popular In 2018, Canada saw a growing number of borrowers addressing alternative lenders. Meanwhile, new mortgage gr...Read more >>
Licence# 10349

7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
© 2010 Michael Tulchenetskiy & Denys Derzhavets Mortgage Brokers. All Rights Reserved