Saskatoon Mortgage Broker shares article on new rules to make renting out property easier

CMHC announces new rules to make it easier for homeowners to rent out property

Garry Marr, July 28 2015

Canada Mortgage and Housing Corp. announced changes Monday that will make it easier for homeowners to rent out their residences and qualify for a loan.

The Crown corporation, which controls a majority of the mortgage default insurance market, says that starting Sept. 28 homeowners will able to count all the income from rental units when qualifying for a loan.

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