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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 ...
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Posted in General

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 ...
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Posted in Mortgage Information

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