What Do The New CMHC Rules Mean For Homebuyers?
General REENA VISANI 12 Jun
On June 5, 2020 The Canadian Mortgage and Housing Corporation (CMHC) announced it will be tightening its mortgage qualification rules for borrowers with less than 20% down payment. This would significantly impact homebuyers decreasing their borrowing by 10% to 12% and pushing them further away from their dream of homeownership. These changes come into effect July […]
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