{"id":19898,"date":"2024-10-11T14:48:11","date_gmt":"2024-10-11T14:48:11","guid":{"rendered":"https:\/\/groupeorbis.com\/comment-les-nouveaux-changements-en-matiere-dassurance-hypothecaire-ouvrent-des-portes-aux-proprietaires-dhabitations\/"},"modified":"2024-10-11T14:51:32","modified_gmt":"2024-10-11T14:51:32","slug":"how-new-mortgage-insurance-changes-are-opening-doors-for-homeowners","status":"publish","type":"post","link":"https:\/\/groupeorbis.com\/en\/how-new-mortgage-insurance-changes-are-opening-doors-for-homeowners\/","title":{"rendered":"How New Mortgage Insurance Changes Are Opening Doors for Homeowners"},"content":{"rendered":"<div class=\"row\"  id=\"row-944155191\">\n\n\t<div id=\"col-1561369391\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1561369391 > .col-inner {\n  margin: -290px 0px 0px 0px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<style>\n#row-944155191 > .col > .col-inner {\n  padding: 30px 30px 30px 30px;\n}\n<\/style>\n<\/div>\n<div class=\"row\"  id=\"row-242474080\">\n\n\t<div id=\"col-1162051112\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<img loading=\"lazy\" decoding=\"async\" width=\"2560\" height=\"1445\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/10\/blog-ne.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/10\/blog-ne.jpg 2560w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/10\/blog-ne-300x169.jpg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/10\/blog-ne-1024x578.jpg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/10\/blog-ne-768x434.jpg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/10\/blog-ne-1536x867.jpg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/10\/blog-ne-2048x1156.jpg 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/>\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1162051112 > .col-inner {\n  margin: -170px 0px 0px 0px;\n}\n@media (min-width:550px) {\n  #col-1162051112 > .col-inner {\n    margin: -120px 0px 0px 0px;\n  }\n}\n<\/style>\n\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1541713715\">\n\n\t<div id=\"col-433656333\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"text-1079548019\" class=\"text blog-txt\">\n\t\t\n<p>Starting in January 2025, Canadian homeowners can take advantage of new mortgage insurance rules designed to help convert unused spaces, like basements and garages, into rental units. This government initiative offers new ways for homeowners to boost their income while increasing housing supply. Here are the key takeaways:<\/p>\n<h3>1. Creating New Opportunities for Homeowners<\/h3>\n<p>Recent zoning reforms in major Canadian cities have made it easier for homeowners to add secondary suites like basement apartments or laneway homes, boosting both home value and rental income potential.<\/p>\n<h3>2. New Mortgage Insurance Rules for Densification<\/h3>\n<p>As part of Budget 2024, the federal government is making targeted changes to mortgage insurance, encouraging homeowners to add more units to their properties, making it simpler to finance these improvements.<\/p>\n<h3>3. Insured Mortgage Refinancing Available in 2025<\/h3>\n<p>Starting January 15, 2025, lenders and insurers will offer a new insured mortgage refinancing product specifically for homeowners building secondary units.<\/p>\n<h3>4. Eligibility Requirements for Homeowners<\/h3>\n<p>To qualify, homeowners must already own the property, live in one of the current units, and the additional units must not be used as short-term rentals. The total property value must be less than $2 million.<\/p>\n<h3>5. Loan Conditions and Limits<\/h3>\n<p>Homeowners can refinance up to 90% of the property&#8217;s value, including the value added by the new rental suites. The maximum loan amortization is 30 years, and the new units must comply with municipal zoning regulations.<br \/>This new initiative is a game-changer for those looking to increase property value and create rental income, while also contributing to the availability of housing in Canadian cities. Contact your trusted Orbis Mortgage broker today to learn more about these exciting new opportunities and how they can benefit you.<\/p>\n\t\t\n<style>\n#text-1079548019 {\n  text-align: left;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"is-divider divider clearfix\" style=\"margin-top:0em;margin-bottom:0em;max-width:100%;height:1px;background-color:rgb(213, 213, 219);\"><\/div>\n<div class=\"row\"  id=\"row-909843396\">\n\n\t<div id=\"col-765670391\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1802112407\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1802112407 {\n  padding-top: 40px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1920309890\" class=\"text\">\n\t\t\n<h3>Related Articles<\/h3>\n\t\t\n<style>\n#text-1920309890 {\n  font-size: 1.6rem;\n  text-align: left;\n  color: rgb(0,0,0);\n}\n#text-1920309890 > * {\n  color: rgb(0,0,0);\n}\n@media (min-width:550px) {\n  #text-1920309890 {\n    font-size: 1.5rem;\n    text-align: center;\n  }\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<div class=\"row\"  id=\"row-1727099410\">\n\n\t<div id=\"col-1215516443\" class=\"col blog-column small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner text-left\"  >\n\t\t\t\n\t\t\t\n\n  \n    <div class=\"row large-columns-3 medium-columns-1 small-columns-1 row-full-width\" >\n  <div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/second-properties-made-simple-buying-a-vacation-home-or-investment-property\/\" class=\"plain\" aria-label=\"Second Properties Made Simple: Buying a Vacation Home or Investment Property\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/02\/Second-Properties-Made-Simple-Canada-300x169.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/02\/Second-Properties-Made-Simple-Canada-300x169.jpg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/02\/Second-Properties-Made-Simple-Canada-1024x578.jpg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/02\/Second-Properties-Made-Simple-Canada-768x434.jpg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/02\/Second-Properties-Made-Simple-Canada-1536x867.jpg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2025\/02\/Second-Properties-Made-Simple-Canada.jpg 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large \">\n\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/second-properties-made-simple-buying-a-vacation-home-or-investment-property\/\" class=\"plain\">Second Properties Made Simple: Buying a Vacation Home or Investment Property<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">February 20, 2025<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/success-and-growth-at-orbis-mortgage-group\/\" class=\"plain\" aria-label=\"Success and Growth at Orbis Mortgage Group\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-13-300x200.jpeg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-13-300x200.jpeg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-13-1024x683.jpeg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-13-768x512.jpeg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-13-1536x1024.jpeg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-13-2048x1365.jpeg 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large \">\n\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/success-and-growth-at-orbis-mortgage-group\/\" class=\"plain\">Success and Growth at Orbis Mortgage Group<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">May 25, 2021<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><div class=\"col post-item\" >\n\t\t\t<div class=\"col-inner\">\n\t\t\t\t<div class=\"box box-normal box-text-bottom box-blog-post has-hover\">\n            \t\t\t\t\t<div class=\"box-image\" >\n  \t\t\t\t\t\t<div class=\"image-cover\" style=\"padding-top:56.25%;\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/orbis-mortgage-group\/\" class=\"plain\" aria-label=\"Orbis Mortgage Group\">\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-33-300x200.jpeg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"\" srcset=\"https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-33-300x200.jpeg 300w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-33-1024x683.jpeg 1024w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-33-768x512.jpeg 768w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-33-1536x1025.jpeg 1536w, https:\/\/groupeorbis.com\/wp-content\/uploads\/2024\/02\/blog-33.jpeg 1920w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t<\/a>\n  \t\t\t\t\t\t\t  \t\t\t\t\t\t\t  \t\t\t\t\t\t<\/div>\n  \t\t\t\t\t\t  \t\t\t\t\t<\/div>\n          \t\t\t\t\t<div class=\"box-text text-center\" >\n\t\t\t\t\t<div class=\"box-text-inner blog-post-inner\">\n\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<h5 class=\"post-title is-large \">\n\t\t\t\t\t\t<a href=\"https:\/\/groupeorbis.com\/en\/orbis-mortgage-group\/\" class=\"plain\">Orbis Mortgage Group<\/a>\n\t\t\t\t\t<\/h5>\n\t\t\t\t\t<div class=\"post-meta is-small op-8\">March 21, 2018<\/div>\t\t\t\t\t<div class=\"is-divider\"><\/div>\n\t\t\t\t\t                    \n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div><\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n\t<div id=\"gap-2058922825\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2058922825 {\n  padding-top: 30px;\n}\n<\/style>\n\t<\/div>\n\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":19894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/19898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/comments?post=19898"}],"version-history":[{"count":4,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/19898\/revisions"}],"predecessor-version":[{"id":19902,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/posts\/19898\/revisions\/19902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media\/19894"}],"wp:attachment":[{"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/media?parent=19898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/categories?post=19898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/groupeorbis.com\/en\/wp-json\/wp\/v2\/tags?post=19898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}