Changing GTA Resale Housing Market Reflects Economic Times October 17, 2008 -- Activity in the Greater Toronto Area resalehousing market moderated considerably during the first half of October with 2,700 homes changing hands, Toronto Real Estate Board
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Hi Everyone! Please note the following important changes just announced by CMHC (effective October 15, 2008): 1) maximum amortization period will be 35 years (previously 40 years) 2) minimum downpayment for a purchase will be 5% (previously 0%) 3) high-ratio
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