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Deegee · 07-02-2009, 08:33 AM

The seller could always finance 20-25% of the purchase and the lending institution lend the other 75%-80%.

When values climb back up, you could always look at refinancing and paying out the seller in full.

That's one way to avoid CMHC altogether.

07-02-2009, 08:33 AM	#8
Deegee First Line Centre Join Date: Mar 2006 Location: Edmonton, AB Exp:	The seller could always finance 20-25% of the purchase and the lending institution lend the other 75%-80%. When values climb back up, you could always look at refinancing and paying out the seller in full. That's one way to avoid CMHC altogether.