💡
Reader note: The March 1 Rate Simulator update is live with the latest forward rate outlook. Download here.
The First Time Home Buyer Incentive was a policy flop, and now, thankfully, it's flopping off the radar.
In a sudden change, CMHC announced that the last date for new applications to its shared-equity program is March 21. The housing agency says, "The changes do not impact homebuyers that were already approved for the FTHBI."
If you want a quick summary of our thoughts on this clown car program, the following tweet sums it up. Scroll on for the nitty-gritty.
You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
Comments
Sign in or become a MortgageLogic.news member to read and leave comments.
Just enter your email below to get a log in link.