Effective May 30, anyone who has an insured mortgage will no longer be able to act as a co-borrower on another mortgage that CMHC insures.
What does that mean? If you currently own a home and your down payment was less than 20% (CMHC Insured), then you...
* Update hardware, faucets, sinks, grout in kitchens & bathrooms.
* Paint throughout with neutral colours. A blank slate is best.
* Declutter & Depersonalize. Put excess furniture in storage.
* Add Fresh Flowers.
* Use double beds instead of queens...
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