2 December 2013

Ottawa will implement “risk fee” on mortgage insurances

Starting January 1stOttawa imposes“risk fee” on CMHC’s mortgage insurancesin order to compensate taxpayers for possible losses in the real estate market.

According to Canada Mortgage & Housing Corporation, the fee to the government will be 3.25% of premiums written and 10bps (0.10%) on new portfolio insurance written…

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