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Old 05-15-2014, 09:46 PM   #46
GomerPile
Crash and Bang Winger
 
Join Date: Mar 2010
Location: Calgary
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Quote:
Originally Posted by fundmark19 View Post
Yes but if you live in a house to start with you qualify for the 5 percent. So you buy house live in it for a year buy new house and turn old one into rental
I believe under the new rules you wouldn't, as you can only have 1 CMHC insured mortgage in your name at a time now.
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