jhass, I realize this is very frustrating for you, but another word of caution so you can ask the right questions. Alot of people on here are telling you to put 20% down and avoid CMHC. It is not always that simple. The acerage again can complicate that. Depending on location and other factors, resale potential and so on, CMHC and insurers like Genworth may still require the mortgage to be insured because of the properties risk level. This just recentley happened to me. I purchased a property just outside of Terrace B.C. and the insurer even at 20% down required me to insure the mortgage because of the location and resale potential. It is a small acerage, no where near the size of your scenerio. With that said, I put down the minimum 5% because of that. Keeping the rest of my money in my pocket. Food for though.
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