CMHC Insured Mortgages: Winnipeg Homebuyer’s Guide

CMHC insured mortgages are a crucial tool for many Winnipeg homebuyers, especially those with smaller down payments. These mortgages, backed by the Canada Mortgage and Housing Corporation, allow buyers to purchase homes with as little as 5% down while protecting lenders against default. Key Takeaways CMHC insurance is mandatory for mortgages with less than 20%