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CMHC insurance question
Hi! I'm planning to get a mortgage to buy my new house. I'm purchasing it with 5% down payment. According to the recent CMHC changes I am liable for the 15% increase in insurance premium. If I sell this place 1 year later do I get some sort of refund on the premium, or is it a sunk cost?Also, if...- JakeCob
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- Replies: 4
- Forum: Real Estate General Discussions