Genworth and AIG are the best options. But even then, it's difficult for the seller to start advising buyers on where to get mortgage insurance. In most cases, you won't even meet the potential buyers as their agents/brokers will do most of the representation. It's their job to advise their clients, and sellers really shouldn't be stepping in giving advise on how to finance.
I'll take your word on it that this rule is necessary, but from an outside point of view it seems pretty foolish to place it on a building catered for first time home-buyers. You guys really handicapped yourselves in re-sale.
As an agent, I would only take my buyers down that path if they really loved to home, and other condos on the market didn't compare. Otherwise, I'd take them elsewhere, where they can have the comfort of picking from a full range of mortgage products and insurances.
For the mortgage brokers here, are the fees with CMHC, Genworth and AIG the same? Something I've been meaning to find out.
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