Latest / The Canadian Real Estate Investor
New 90% Mortgage For Owner-Occupied Multiplexes
There are been some very big announcements recently in the mortgage space for adding units, we go through them and tell you everything you need to know....so far
Canada's new refinancing rules allow up to 90% LTV for adding secondary suites.
Impact on Homeownership: Changes enable creative financing for "house hackers" to add units and leverage equity.
Concerns and Criticisms: Discusses risks of mortgage fraud, capital gains tax, and effects on property values and debt.
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The skinny
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