Properties for sale subject to repossession by the CMHC

Here are the accepted rules established by the OACIQ in this regard for all repossessed properties:

The fact that a property constitutes a repossession is a relevant fact to the transaction. The collaborating broker must be informed about it as soon as possible and this statement shall appear on the “broker” sheet. The statement is not mandatory in an advertisement, but the buyer shall be notified in writing about it by his broker.