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Stories Tagged - down payment
News
Sept. 14, 2016 | Cailynn Klingbeil
55 Years of Calgary Real Estate: 2004 CREB® president Don Dickson
CREB® president was just one of many roles Don Dickson looks back on fondly
Don Dickson has held a variety of roles during his lengthy real estate career: Salesman, broker, business practices manager, and, in 2004, president of CREB®.
Through it all, his focus has remained the same.
"It's about helping members. That's been my number-one priority," Dickson said. "It's been a fabulous experience. You couldn't have a more fulfilling career. And I'm not done yet."
Don Dickson has held a variety of roles during his lengthy real estate career: Salesman, broker, business practices manager, and, in 2004, president of CREB®.
Through it all, his focus has remained the same.
"It's about helping members. That's been my number-one priority," Dickson said. "It's been a fabulous experience. You couldn't have a more fulfilling career. And I'm not done yet."
News
April 08, 2015 | Nolan Matthias
CMHC increases likely to have little effect
Alberta registration changes are another story*
Canada Mortgage and Housing Corp. (CMHC) recently announced it would be implementing higher premiums for borrowers who have less than a 10 per cent down payment.
The move means Canadians seeking a mortgage with a loan-to-value ratio of up to 95 per cent will see their premiums jump about 15 per cent from 3.15 to 3.6 per cent. For those with a loan-to-value ratio from 90.01 to 95 per cent, their premiums will climb from 3.35 to 3.85 per cent.
The Crown corporation's move, which takes effect June 1, has since been matched by private-sector insurer Genworth Canada. Canada Guaranty, the country's third main mortgage insurer, had not made an announcement as of press time.
Canada Mortgage and Housing Corp. (CMHC) recently announced it would be implementing higher premiums for borrowers who have less than a 10 per cent down payment.The move means Canadians seeking a mortgage with a loan-to-value ratio of up to 95 per cent will see their premiums jump about 15 per cent from 3.15 to 3.6 per cent. For those with a loan-to-value ratio from 90.01 to 95 per cent, their premiums will climb from 3.35 to 3.85 per cent.
The Crown corporation's move, which takes effect June 1, has since been matched by private-sector insurer Genworth Canada. Canada Guaranty, the country's third main mortgage insurer, had not made an announcement as of press time.
