CMHC "red flag" solution?
An owner in my small condo complex has been unsuccessfully trying to sell her unit. One of the reasons is that CMHC has red-flagged our building because of our "adults only" bylaw. CMHC policy is to not insure on buldings that have have discriminatory (based on age) bylaws. The problem is that our units are ideal "first-time buyer" units and it is likely that that type of potential buyer would need CMHC approval. So on one hand we don't want to impede the re-sale of any units, but on the other we don't want to change our "adults only" bylaw. (A history of disruptive children in our building forced us to impose the bylaw a few yeares ago) Any discussion or advice on the matter would be greatly appreciated!
Does anyone know if CMHC has loopholes? for example our building is totally not suited for raising children. Thank you so much
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