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CMHC Announces Mortgage Changes For Home Buyers Starting July 1

On June 4, the Canadian Mortgage and Housing Corporation (CMHC) announced three big changes to how they’re underwriting mortgages for people buying a house with less than 20 percent down. The first change was lowering the Gross Debt Servicing (GDS) to Total Debt...

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CMHC Announces Mortgage Changes For Home Buyers Starting July 1

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