• CMHC has just announced that they will now be insuring mortgages on “non-conforming stratas” again. This reverses an earlier decision (see previous post). A requirement is that title insurance must be taken out.

    This is super news for both buyers and sellers. Now buyers can go as low as 5% down again!

    No updates from the other two insurers (Genworth, Canada Guaranty) as of yet.

    Further update: Genworth and Canada Guaranty are now on board as well.

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