My friend Jeff Zabel with Mortgage Alliance Canada’s Mortgage Choice in Kitchener Waterloo just sent me some more info on CMHC’s new mortgage regulations for homeowners and property investors: 1) All changes are effective April 19, 2010 with exception to change # 7 & 8 2) Qualifying rate – For loans with fixed term of [...]
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CMHC Mortgage Regulations to Restrict Real Estate Investment
I’ve been hearing rumours recently that CMHC was changing their financing criteria for real estate investment properties. Over the last couple of weeks,we’re heard about raising the minimum downpayment (New Mortgage Rules for Real Estate Investment in Canada) that an investor would need to put down on a rental property (that wasn’t owner-occupied, meaning the [...]
