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CMHC Secondary Suite Program Helps R/E Investors & Home-Buyers Qualify for Mortgages

The Actual ‘Inside Scoop’ on CMHC Secondary Suites – And what it means to investors and home buyers! On July 23rd of 2015, CMHC announced changes to its policies regarding the treatment of rental income for borrower qualification purposes. There seemed to be a lot of confusion about the exact details so I reached out to

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Limiting Foreign Ownership of Canadian Real Estate… is Just Crazy!

This entry was posted in Investing In Real Estate, Mortgage Articles, Real Estate Investing and tagged Canadian real estate, Foreign ownership on August 19, 2015 by CR. Investing In Real Estate, Mortgage Articles, Real Estate Investing With home prices reaching the stratosphere in red-hot markets like Toronto and Vancouver, the single-detached family home is becoming

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CMHC Second Suite Program – Relaxed Rules for Rental Income on Mortgage Applications

Buying a decent-sized property in Canada’s most expensive housing markets can be tough, even for the affluent. Home prices in Toronto and Vancouver have been heading upward with no end in sight. Although the Bank of Canada lowering the overnight lending rate last month helped lower mortgage rates, you may still have a tough time

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