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Updated over 9 years ago on . Most recent reply

Doug Keefe's profile image
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Doug Keefe
  • from Charlottetown, Prince Edward Island
  • Member since May 14, 2015
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Doug Keefe's profile image
Doug Keefe's profile image
Doug Keefe
  • from Charlottetown, Prince Edward Island
  • Member since May 14, 2015
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Doug Keefe
  • Charlottetown, Prince Edward Island
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Canadian Real Estate

CMHC Mult-Unit New Construction

Doug Keefe
  • Charlottetown, Prince Edward Island
Posted

Hello great BP people of Canada!

I'm reading this info from CMHC and wondering what a specific line means. (This could be a dumb question)

Source: https://www.cmhc-schl.gc.ca/en/hoficlincl/moloin/m...

"Loan-to-Value Ratio Up to 85% or 100% of cost, whichever amount is less. "

It doesn't mention 100% anywhere else.   But could this imply that a 100% loan is possible on new construction?   Again, it just struck me a funny, but maybe I just don't fully understand what they mean.

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