I'm one of those unhappy people right now...have had our former residence (condo) on the market since Feb...then spent thousands revamping and improving it, staged it, took it off the market then 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)
Not sure what we are going to do next, because we were positioning it as a cheaper 1st home close to down town (in Bankview just off of 17th), but if a buyer can't get CMHC approval that pretty much wipes out any 1st time home buyer...ARRG! Any thoughts?
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