Stay tuned for my latest ideas, news and tips on real estate! December  15, 2015 CMHC will be increasing down payments on properties with new mortgages over $500,000 as of February 15th, 2016, an overdue move on their part The amount over $500,000 and up to $1,000,000 will require an additional 5%, just an extra $10,000 on a $700,000 purchase with minimum down and the ability to qualify for the mortgage. It really should not make a big difference to the market, but the... [read more]