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Mortgage rate slide boosts housing affordability
CMHC reports falling mortgage rates in 1995 sharply increased first time buyers reach. During January to June much more renters could afford starter homes with Chicoutimi showing the lowest average price while Vancouver remains the priciest. FHLI program boosts purchase power with lower down payments and rising approvals.
MENTIONED IN THIS ARTICLE
Canada Mortgage and Housing Corporation
CMHC
Dan Guerrette
Canada
Chicoutimi
Vancouver
Guerrette