Quote:
Originally Posted by 1stLand
Plus CMHC Fees which in some cases are $4,000 - $5,000
(when you bought)
You will never recoup this cost. So it is even more painful if you pay $5k to get your mortgage insured and then turn around and sell in a few years.
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I think you can get credit for the amount you already paid when you buy your next property. They just charge CMHC on the mortgage difference. There's some stipulations.