CMHC Premiums Go Up July 14th + Deal Announcements

Time-Sensitive: CMHC Premium Increase

CMHC just announced that there will be a significant increase in CMHC premiums effective July 14th. Applications submitted prior to July 14th will benefit from the old premiums.

In short - fast track your financing applications if you can.

Thank you to our friends at Peakhill for keeping us in the loop.

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We've Been Busy (Deal Announcements)

Not a lot of brokers are closing deals today. False starts, extension requests, deals dropping - it's a tough market. Our team gets deals done.

Here's a sample of what we accomplished in June (6 unrelated deals):

Congratulations to our happy clients:

3905 Riverside Dr E & 3900 Wyandotte St E, Windsor - 126 Units

182 Jameson Ave, Toronto - 82 Units

Stone Tree Apartments, Owen Sound - 76 Units

49 Wellington St, Port Hope - 50 Units

1240 Ilona Park Rd, Pickering - 18 Units

72 Westmount St, Oshawa - 9 Units

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We'll be sharing our Q2 multifamily takeaways next week. Stay tuned.

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