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New Mortgage Rules Frequently Asked Questions

New Mortgage Rules Frequently Asked Questions

On Thursday Finance Minister Jim Flaherty announced changes to the rules for government-backed insured mortgages for residential properties of 1-4 units in this announcement four new measures were announced effective July 9th, 2012 for new government-backed insured...

New Mortgage Rules FAQ

On January 17, 2011, the Government of Canada announced adjustments to the parameters governing the application of the government’s mortgage loan insurance guarantee. What are the new mortgage loan insurance requirements? CMHC will implement the following new measures...