Quote:
Originally Posted by Flamenspiel
Not sure but i think the ability to bye second homes at less then 20% is there, its just that CMHC will not insure it. To me thats a good thing, the investor should hold the risk, not CMHC and the taxpayer.
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CMHC doesn't lose money. It takes the risk because its profitable to do so. They would continue to insure homes under the previous lending rules if still allowed.