EPISODE · Mar 16, 2026 · 1 MIN
The CMHC Policy That Flopped
from The Real Estate and Mortgage Show · host Walter Monteiro
The CMHC Policy That Flopped Back in January, CMHC raised its insured mortgage limit to $1.5 million. The idea? To help buyers in high-priced markets like Toronto and Vancouver. But here’s the kicker — it’s barely made a dent. Uptake is minimal, and only 2% of new insured loans in Q1 were for properties over $1 million. Why? Because most buyers at that price point don’t qualify for insured mortgages anyway, and affordability is still a major barrier. So while the policy grabbed headlines, the reality is it’s had almost zero impact on demand. Will that change if rates drop further? Maybe — but for now, it’s just a headline, not a game changer. 👉 Curious if this applies to you? Let’s figure it out together.
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What this episode covers
The CMHC Policy That Flopped Earlier this year, CMHC raised the insured mortgage limit to $1.5 million, aiming to help buyers in expensive markets like Toronto and Vancouver. But months later, the impact has been almost nonexistent. In fact, only 2% of new insured mortgages in Q1 were for homes over $1 million. So what happened? Most buyers at that price point still don’t qualify for insured mortgages, and affordability remains a major obstacle. The policy generated plenty of headlines, but in reality, it hasn’t moved the market. In this episode, we break down why the policy failed to gain traction and whether falling interest rates could eventually change the story. Could this affect your homebuying strategy? Let’s take a closer look.
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The CMHC Policy That Flopped
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