Canada Housing Cuts Insurance for 2nd Homes, Some Self-Employed
This article is for subscribers only.
Canada’s housing agency is further tightening the availability of mortgage insurance as part of efforts to reduce the risks of a sharp decline in prices.
As of May 30, people purchasing a second home or those who are self-employed and can’t provide third-party proof of income won’t be eligible for Canada Mortgage & Housing Agency insurance, the group said today in a statement from Ottawa.