Not exact matches
The more I think
about it the more I believe that this is a smoke screen used by a government agency to rally public discord away from their own bureaucracies which via their HST, land transfer taxes and
mortgage insurance rules — all percentages calculated on the sale price of the home by the way — do more to inflate house prices without providing any evidentiary benefit to the homeowner.
Because the
rules is if you have less than a 20 % down payment and you are getting a
mortgage from a federally regulated lender, so we're talking
about the big banks, then you must have
mortgage insurance.
Insurance and
mortgage loan interest rates on such homes may be higher than traditionally occupied primary homes, and some communities have
rules and restrictions
about short - term rentals.