Quote:
Originally Posted by Julio
relisted...dropped the price 20%, finally got an offer, quick close date and such, then got refusal for CMHC insurance. (It's a post tension building)
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I had a chat with my mortgage broker who put in a call to CMHC. Bottom line - they are still issuing insurance on PTC buildings.
However, if your Condo Board has been lax in getting it's inspection reports done, or the report suggests problems you will not get insurance from them.
Julio - what is the date of your PTC inspection report and are there problems? If so, I suggest you take this up with the Board / Property manager. Everyone in the building is screwed so you would hope people (including the Board) get this resolved ASAP.