CMHC Mortgage Rules Changing

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More CMHC Mortgage Rules Coming

There’s another set of mortgage rules coming this summer. CMHC sent out a notice recently with implementation dates for three policies related to OSFI’s B-21 guideline.

We knew this stuff was coming but these rules could nonetheless make it harder to get low-ratio insured variable-rate mortgages, self-employed mortgages and 100% financing. Read more in the attached article.

Information graciously provided by:

Crystal Lau
Mortgage Consultant
The Mortgage Group
Tel.: 604-787-1043
Fax: 604-629-6668
cl@crystalmortgages.ca
www.crystalmortgages.ca