CMHC Makes It Harder to Qualify For An Insured Mortgage

Effective July 1, the following changes will apply for new applications for homeowners purchasing with less than 20% down. Refinances will not be affected.


  1. •      The maximum gross debt service (GDS) ratio drops from 39 to 35
  2. •      The maximum total debt service (TDS) ratio drops from 44 to 42
  3. •      The minimum credit score rises from 600 to 680 for at least one borrower



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