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Feds announce changes to CMHC insurance rates

March 4th, 2014
The Federal Government just announced changes to CMHC (Canada Mortgage and Housing Corp) insurance rates on new mortgages under 20% downpayment.  These rates will take effect on May 1, 2014. An example would be on a 5% down payment, the new insurance fee will be 3.15% of the gross mortgage borrowed.  The insurance fees are not required to be paid up front, but will be rolled into the mortgage ...

Budgeting for Seasonal Expenses can help

March 4th, 2014
Winter weather is unpredictable and sometimes it causes us to have unexpected larger home heating and electricity costs during the winter months.  This can put a strain on your monthly budget.  I recommend that you set up an extra "home" expense account through on line banking and have automatic monthly transfers go in there for whatever amount you can afford.  Even if you can put aside $25 p ...

Do you know a Student who needs a $1,000 Bursary?

March 4th, 2014
The Re/Max Quest for excellence program is a $1,000 Bursary program for Grade 12 students in Western Canada, to recognize students in their ongoing pursuit of leadership and community contribution initiatives. Deadline for submissions is March 10, 2014.  Contact Kwoodliffe@remax.net for further details. Wishing you huge success and good luck!
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