20 percent: Investment Property Mortgage Rule Changes in Canada - 03/28/10 05:19 PM
 
Re-Blogging Don Lawby President of Century 21 , Canada _____________________________________________
Investment Property Mortgage Rule Changes As many as 15% of all new mortgages granted in Canada are for properties the owner doesn't live in. And now, starting this spring, the landlord/investor has to put down a minimum down payment of 20%in order to obtain Canada Mortgage and Housing Corporation (CMHC)- insured properties, part ofrule changes announced in February.However, it's worth noting that it is not all bad news when it comes to the federal government's recent changes to rental property financing. For example,
The changes won't apply to borrowers who buy principal residences … (4 comments)