[UPDATED] Low-Ratio Mortgage Insurance Requirements
December 1, 2016 | News Releases
LENDER UPDATE: High- and Low-Ratio Mortgage Insurance Requirements
On October 3, 2016, the Minister of Finance announced new measures designed to support the strength of Canada’s housing market through responsible lending practices and guidelines focused on promoting sustainable homeownership for borrowers. Canada Guaranty is committed to upholding prudent underwriting practices and, in compliance with these rules, will be implementing these new high- and low-ratio mortgage insurance eligibility requirements.
Please take a moment to review the following updates: