Tag Archives: Canadian Mortgage Market

CMHC Adds New Mortgage Rules, Cuts Overall Market Exposure

Starting on May 30th, Canada Mortgage and Housing Corporation will discontinue insuring mortgages on second homes and will stop offering mortgage insurance to self-employed people lacking proper third-party income validation. This means that the CMHC will limit the availability of homeowner mortgage loan insurance to a maximum of one residential property per borrower at any […]

CMHC Adds New Mortgage Rules, Cuts Overall Market Exposure

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