NEW MEASURES TO HELP SELF-EMPLOYED CANADIANS BECOME HOMEOWNERS
The Canada Mortgage and Housing Corporation recently announced new measures aimed at making it easier for self-employed Canadians to own their home. Self-employed borrowers who have been operating their business for less than 24 months will be able to provide a broader range of documents to prove they have the necessary income to obtain an insured mortgage. As for lenders, they will be able to use a greater number of criteria to assess the income of self-employed borrowers. Full details are available and at the CMHC newsroom.