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CMHC changes starting June 1 2020.

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Garry Voigt Real Estate

CMHC has changed their guidelines yet again. Alex from @thrivemortgageco breaks down the 3 changes that will be implemented starting July 1, 2020. Take a quick watch as these changes will have quite a significant impact on borrowing power if you plan on purchasing with less then 20% down. Lastly, if you are in a position to purchase now and already have a tight budget, you may want to lock into something before July 1st!

posted by bife5x