Why Did the CMHC Impose Tough Rules on Mortgages?
Hypothequesoulanges03 Jun, 2021Finance
The move made by CMHC will reduce the demand for houses in Canada. The potential homebuyers who don?t qualify for mortgages based on its new rules will be denied funding. According to the Vaudreuil mortgage experts, this will stop the construction of new homes due to oversupply. Eventually, it will balance the property prices by eliminating competition.
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