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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.
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