David Steinfeld
250 Consumers Road M2J4V6 Toronto, ON, Canada

CMHC is considering scrapping the ability to purchase a property with mortgage insurance with 5% down. You may have to put down a minimum of 10% in the future.

This happened to a client at our brokerage... https://toronto.ctvnews.ca//old-credit-card-bill-for-95-ce

TLDR: My brokerage is giving away funds to charity every day in 2020. Let me know if you have a worthy cause for us to donate to and I will add your Canadian charity to the list. To celebrate the new year and to build on our philanthropy efforts, Mortgage Outlet is planning to donate $20.20 every day during 2020. And even more good news - the charities will be selected by YOU - Mortgage Outlet's agents, clients and friends. ... It doesn't matter if your mortgage funded 10 years ago, 1 year ago, 1 month ago or 1 day ago or if you're a friend or partner of MO - we want to hear from you! Tell us your favourite charity and why they’re important to you and your family. On a weekly basis, we will share the selected charities, provide a link to their website and hopefully encourage others to support charities coast to coast. Mortgage Outlet will donate $20.20 every day in 2020 to a charity of our client’s choice to a max of 366 days/donations (Yes, 2020 is a leap year!) Charity must be a registered Canadian charity To suggest a charity to our list please reply to this post or send us an email as [email protected] or email your favourite Mortgage Outlet agent directly! To get the year started off we have the first week already filled with 7 worthwhile charities. Please take the time to check them out and make a donation if you can. Here’s to a great 2020, The Mortgage Outlet Team (GO MO!) January 1 - Second Harvest Food Bank - https://secondharvest.ca/ (Sandra and Howard) January 2 - Engineers Without Borders Canada - https://www.ewb.ca/en/ (George) January 3 - MS Society of Canada - https://www.mssociety.ca(Sorcha) January 4 - Hospital for Sick Kids - http://www.sickkids.ca/ (Adam and Nikki) January 5 - Ecojustice - https://www.ecojustice.ca/ (Suzanne and Bradley) January 6 - Youth Without Shelter - https://www.yws.on.ca/ (Ginger) January 7 - Princess Margaret Cancer Centre - https://www.uhn.ca/princessmargaret (Nancy)

PSA: Best purchase rates for 5 year fixed going up tonight. Last 6 hours to get 2.69% 5 year fixed 25 year AM for purchases. Call me and I'll put in your app tonight.