Month: June 2012

Higher Alberta Residential Rents Around the Corner?

Finance Minister Jim Flaherty announced this past week that effective July 9, 2012 CMHC mortgage insurance will only be available on mortgage amortization periods to a maximum of 25 years from the current 30 years.  Furthermore, home equity lines of credit (HELOC) will be limited to a maximum of 80 percent assessed value, down from the…

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