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Monthly Archives: February 2014

CMHC to Increase Mortgage Insurance Premiums

Written on February 28, 2014 at 4:17 pm, by

OTTAWA, February 28, 2014 — Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014. The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1-to-4 unit rental properties, including  Continue Reading »

January Real Estate Market Starts on Solid Ground

Written on February 3, 2014 at 1:02 pm, by

Victoria’s real estate market had a solid start in January, re-establishing momentum after the holiday season. Total MLS® sales in January were 342, a 16.3% increase over January 2013 when 294 units sold. January sales were close to the 355 sales reported to the Victoria Real Estate Board (VREB) in December 2013. 2014 VREB President,  Continue Reading »