The Department of Finance announced three changes to the Standards for High Ratio Mortgages in Canada.
Canada Mortgage and Housing Corporation
Tougher Mortgage Rules Confirmed
CMHC has confirmed and clarified the three changes to the Standards for High Ratio Mortgages in Canada. These changes affect High Ratio Mortgages Insured through CMHC and will most likely be adopted by Genworth and AIG as well. We have been waiting for confirmation and clarification on a few points related to the New Mortgage [...]
