Mortgage Broker News: CMHC hoping incentives save country's rental markets

Today, the Canada Mortgage and Housing Corporation is best known for insuring mortgages; tomorrow, it may better known for helping catalyze construction of purpose-built rental buildings. A few programs with steep incentives are on offer for developers, one of which is called Flex Financing in which loans up to 95% can be secured with lower interest rates and premiums, and with amortization stretched to 40 years. The National Housing Strategy (NHS), unveiled late last year by the federal government, gives CMHC a central role in financing the construction of much-needed rental units. Read more...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988