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Wow, this was a total shock, the Federal Government kept this under wraps: CMHC Amortization From 25 years to 30 years for EVERY First time Home Buyer not just New Construction Homes but the BIGGEST thing $1.5M instead of $1M Cap on Government Insured Mortgages. Yes Folks, a $1.5M home in Canada is actually a STARTER HOME. Because the truth is if the Key Government Sponsored Housing Programs is based on $1.5M, the program Canada designed to help Young Families buy their first home needs a $1.5M target as a First Home. WTAF is wrong with these guys.
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