[sa226]

I'm having some trouble with the Google and finding current information regarding CMHC's new regulations for insured mortgages.

As I understand it you cannot have 2 insured mortgages under your name.

So as little as a year ago I could be living in a 1 BR condo that I put 10% down on. But then decided that I wanted to upgrade yo something bigger. So I would have purchased a larger condo or house with 10% down and rented out my previously owned 1 BR.

If I understand it correctly, this is no longer possible?

Clarification on this is much appreciated.