New insured financing for three- and four-unit homes to start February 1
Published by BriefDash · · Toronto
Finance Canada’s November 5 parameters allow new insured mortgage products for building or buying newly built three- and four-unit homes, starting February 1, 2027. Loans may cover up to 90% of a property’s projected completed value, without an owner-occupancy requirement or property-value ceiling, with up to 30-year amortization for long-term mortgages. Construction financing has separate underwriting rules, and eligibility does not guarantee approval.
Why it matters
The parameters establish additional financing options for small multi-unit housing, subject to lender and insurer qualification.
Source dated November 5, 2026 · Department of Finance Canada ↗
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