CMHC Math

Building inspection passed....of course. Charlie is FANTASTIC! :)

CMHC is a pain. They have a set percentage of the total cost of the house they release as certain things are done, and it is very restrictive. For example, they allow 5% of the total cost for the heating system--which was $13000 less than our heating system actually cost. 1% for the "Front and Back Step"...well in our case it is a wrap around porch--which actually cost over $6000 for materials plus several weeks of labour!! So we are not getting money as quickly as we would like and have had to arrange "interim financing". They really need a better system that looks at the estimates for an individual home, rather than the cookie cutter approach. Especially as more and more people are moving to environmentally friendly products (like our geo-thermal heat pump) which cost more than the percentages they allow.

This week they are dumping the gravel for the driveway--which gets the same amount from CMHC as our wraparound porch I might add! Insulation is ordered. Garage doors are ordered. Cupboards are ordered..... :)