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Blog by Linda M Linfoot

HST Transition

February 21st, 2012

NEWS RELEASE

For Immediate Release
2012FIN0006-000165

Feb. 17, 2012

Ministry of Finance

 

 

Transition measures support new-home buyers, builders

 

VICTORIA – New housing transition measures give certainty to an important economic sector and help to keep taxes equitable throughout the transition as the province returns to the PST, Finance Minister Ke ...

CMHC Insurance Limits: A Wake-up Call for Lenders

February 2nd, 2012

CMHC Insurance Limits: A Wake-up Call for Lenders

Many have now seen this National Post article.

The gist of it: CMHC is approaching its $600 billion government-imposed limit on issuing mortgage default insurance. That’s happening largely because of lenders’ enormous appetite for something called portfolio insurance (a.k.a., “bulk insurance”).

No one fully grasps the repercussions yet ...