Jan
17
Canada’s Housing Agency Boosts Mortgage Premiums Again
By-
Changes will ‘preserve competition’ in mortgage loan industry
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Agency is moving to limit taxpayer exposure to housing
A home for sale, in East Vancouver, British Columbia.
Photographer: Darryl Dyck/Bloomberg
Canada’s government-owned housing agency is raising premiums for the riskiest homebuyers as it seeks to limit taxpayer exposure to the housing market .
On average, the charges will add about C$5 a month to the average Canadian’s mortgage payments, Canada Mortgage & Housing Corp. said in a statement Tuesday. The increase ranges from 40 basis points for those with 95 percent loan-to-value ratio to 115 basis points for those with 80 percent…
Canada’s Housing Agency Boosts Mortgage Premiums Again
