Second Home Mortgage BC
In the past Canadian Mortgage lenders made no bones about it: They were tougher on second-home loan applications than on primary-home loans.
With changes in banks attitudes manly due to the demand from the baby-boomer generation to own second homes out of the city, CMHC developed insurance programs for borrowers who wanted to own more than one property. You can now buy a second home with little to no money down.
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