# How did the 2024 CMHC credit score reduction impact the market?

> On Dec 15, 2024, CMHC lowered the minimum credit score for insured mortgages to 600 (from 680).

Category: Purchasing
Last verified: 2026-02-18
Source: https://ratellow.com/faqs/purchasing/how-did-the-2024-cmhc-credit-score-reduction-impact-the-market

## Answer
### Strategic Proof

- Tier 1: 720+ (Best Pricing).
- Tier 2: 600-680 (Insured Only).
- Tier 3: <600 (Private/B-Lender Territory).

## Related guide
- https://ratellow.com/guides/credit-score-mortgage-impact

## Sources
- Report on the Guideline on Existing Consumer Mortgage Loans | Canada.ca — https://www.canada.ca/en/financial-consumer-agency/programs/research/guideline-mortgage-loans.html#toc0