2 more mortgage restrictions from CMHC May 2014


More mortgage restrictions starting May 30 . CMHC will stop offering 2 types of mortgage insurance for : second owner-occupied home and for self-employed workers who cannot provide independent validation of their income . This won't have a big impact on the real estate market as it will only account for about 3% of CMHC total insurance volumes. What is your opinion about this ? Read more at http://in.reuters.com/article/2014/04/25/canada-housing-cmhc-idINL2N0NH1WE20140425

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Lavinia Serbanescu

Lavinia Serbanescu

Sales Representative
CENTURY 21 Heritage Group Ltd., Brokerage*
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