Federal Government Eases Canada's Mortgage Insurance Rules for Select New Housing

Federal government eases Canada's mortgage insurance rules for select new housing

Building multiplexes and smaller residential buildings in Canada could be made easier by new federal mortgage insurance rules.

The end of CMHC’s multi-family monopoly

The Department of Finance Canada just announced new mortgage loan insurance parameters aimed at expanding “missing middle” housing supply. The rules take effect for applications submitted on or after February 1, 2027, and they provide financing options for projects with 3 to 4 units and 5 to 50 units. Here’s the official announcement. What’s new and noteworthy is that the insurance rules are being amended to permit private mortgage insurers to b…