05/03/2024
If Someone is looking to purchase multi family property, the CMHC has a special mortgage program that allows for only 5% down payment, and 50 year amortization for any multi family properties with 4 or more lots. To clarify, your client must purchase four or more lots to also qualify. Please call at 647-503-7672 for any question or need more info. Thanks
https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect