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CMHC's New Multi-Unit Premium Hikes Hit Hard

Demand for CMHC's multi-unit mortgage insurance skyrocketed 28.7% last year. Borrowers and lenders have increasingly relied on it to buy, build or refinance multi-unit rental properties. Unlike uninsured mortgages, CMHC multi-unit financing allows: * lower down payments * lower interest expense (lower rates) * easier debt servicing, thanks to stretched-out
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