If they don't have a down payment, they won't be able to qualify.
It could help in terms of their debt service coverage ratio and so forth, but they need to have that 5% down payment.
On May 6th, 2019. See this statement in context.
On May 6th, 2019. See this statement in context.
Senior Vice President, Policy, Research and Public Affairs, Canada Mortgage and Housing Corporation
If they don't have a down payment, they won't be able to qualify.
It could help in terms of their debt service coverage ratio and so forth, but they need to have that 5% down payment.
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