Updated over 10 years ago on . Most recent reply
CMHC Mult-Unit New Construction
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.