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CMHC Rules change


Blog by Josh & Dani Thomas | July 28th, 2015


Finally! This will change everything. CMHC will consider up to 100% of gross rental income from a 2-unit owner-occupied property that is the subject of a loan application submitted for insurance. So the Rental Suite income in your basement is now included in your monthly income. This is huge!
http://www.cmhc-schl.gc.ca/…/hofic…/moloin/rean/rean_057.cfm