# Purchase Price / Lending Value: Maintaining Lending Standards

> For Homeowner Purchase Loans, the maximum purchase price / lending value or as-improved property value must be below $1,500,000 if LTV > 80% (insured mortgages). For uninsured mortgages (LTV ≤ 80%), there is no $1,000,000 cap stated in the Ground Truth.

Category: Strategy
Last verified: 2026-04-14
Source: https://ratellow.com/faqs/strategy/purchase-price-lending-value-maintaining-lending-standards

## Answer
For Homeowner Purchase Loans, there is no maximum purchase price / lending value cap for LTV ≤ 80% stated in the Ground Truth. The $1,500,000 max applies to insured mortgages (LTV > 80%). For Small Rental Loans, the max insurable value is $1,000,000. For Homeowner Refinance Loans, no $2,000,000 max is stated in the Ground Truth.

## Related guide
- https://ratellow.com/guides/mortgage-insurance-life-disability

## Sources
- Mortgage insurance — https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/residential-mortgage-underwriting-practices-procedures-guideline-2017#2.5.1
- Footnotes — https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/capital-adequacy-requirements-car-guideline-2026
- Page 2 — https://assets.cmhc-schl.gc.ca/sf/project/cmhc/pdfs/factsheets/new/cmhc-quick-reference.pdf#page=2
- OSFI exempts uninsured mortgage straight switches from the prescribed MQR and implements portfolio LTI limits — https://www.osfi-bsif.gc.ca/en/guidance/guidance-library/osfi-exempts-uninsured-mortgage-straight-switches-prescribed-mqr-implements-portfolio-lti-limits