Comments on: Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations

Comments on: Federal government raises insured mortgage cap to $1.5M, expands 30-year amortizations https://www.canadianmortgagetrends.com/2024/09/breaking-federal-government-raises-cmhc-insured-mortgage-cap-to-1-5-million/ News on Canadian mortgages, mortgage brokers, and mortgage rates. Sat, 02 Nov 2024 16:39:20 +0000 hourly 1 https://wordpress.org/?v=6.7.2 By: Karl https://www.canadianmortgagetrends.com/2024/09/breaking-federal-government-raises-cmhc-insured-mortgage-cap-to-1-5-million/#comment-56181 Mon, 16 Sep 2024 18:21:48 +0000 https://www.canadianmortgagetrends.com/?p=54104#comment-56181 Has CMHC confirmed it is 5% down on the entire $1.5mm? Current rules are 5% down on the first $500k and 10% down on the balance of the purchase price (up to $1mm). The mortgage planner quote is not accurate.

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