About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Monday, April 24, 2017

CMHC to make multi-unit mortgage insurance changes

The rental market is home to around 30 per cent of Canadians and some changes are ahead for the sector which aim to support and preserve the supply of affordable rental housing.

CMHC says that it will be introducing enhancements to its multi-unit mortgage insurance on May 15, 2017.

“CMHC’s products and services facilitate access to housing for all Canadians, not just homebuyers” said Steve Mennill, Senior Vice-President, Insurance.

These changes include: •Extending its affordable housing flexibilities to existing rental properties, currently only new homes are included;

•Expanding its definition of affordability to recognize federal, provincial, territorial or municipal housing objectives;
•Introducing greater underwriting flexibilities to better support key multi-unit market segments that address the rental housing needs of Canadians;
•Introducing a revised premium schedule aligned with CMHC’s continued participation in market segments.

“The enhancements to our multi-unit mortgage loan insurance products and policies are designed to expand our participation in key market segments while stimulating the creation and preservation of affordable rental housing,” added Mennill.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)