I'm sure many here know more than I or have first hand experience, but it seems the info available is kinda confusing.
There's a difference between needing 20% on your second property and only allowing one insured property between 2.
The vague info I could find seems to suggest the latter. If you currently own a property that is not insured by CMHC, then you are able to purchase a second property with an insured mortgage.
The info I have seen isn't very specific, so I could be wrong.
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