Real Estate SnapShot

CMHC makes announcement regarding self-employed borrowers

(July 19, 2018)

Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage.The national housing agency says it's giving lenders more guidance and flexibility to help self-employed borrowers.Self-employed Canadians may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable.CMHC is providing examples of factor... read more.