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CMHC to hike mortgage insurance premiums starting March 17

By Pete Evans, CBC News Posted: Jan 17, 2017 10:19 AM ET Last Updated: Jan 17, 2017 4:19 PM ET

 

The Canada Mortgage and Housing Corporation will charge borrowers a few dollars more every month to insure their mortgages, starting in March.

The housing agency made the announcement in a release Tuesday.

Starting March 17, CMHC will charge mortgage holders slightly more every month to insure their loans.

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