CMHC's New Multi-Unit Premium Hikes Hit Hard
Demand for CMHC's multi-unit mortgage insurance skyrocketed 28.7% last year.
Borrowers and lenders have increasingly relied on it to buy, build or refinance multi-unit rental properties.
Unlike uninsured mortgages, CMHC multi-unit financing allows:
* lower down payments
* lower interest expense (lower rates)
* easier debt servicing, thanks to stretched-out
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