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Agents applaud CMHC rule change for self-employed

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Real Estate Professional | 29 Jul 2015, 08:52 AM Agree 0
Self-employed investors will have an easier time getting a mortgage as the CMHC loosens default insurance rules to allow homeowners to claim rental income.
  • Edmundo Capital Homes Realty | 29 Jul 2015, 04:53 PM Agree 0
    I believe you left out the fact that those secondary units or aprtments have to be compliant. So will banks ask for compliance certificates? How many of these units in your market are compliant? 20% maybe....
  • | 07 Aug 2015, 06:19 AM Agree 0
    I'd say less than 10%, in the GTA. Its a bit more common on the west coast, they will benefit more from this.
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