In Recognition of the growing proportion of self employed people in today's workforce, CMHC recently added a new initiative called Self-Employed Simplified. CMHC has developed tools that help assess the risk associated with borrowers who have difficulty obtaining third-party validation of their income using traditional forms of documentation. This new offering will help self-employed borrowers and commissioned salesperson's to obtain a CMHC-insured mortgage, much like borrowers who receive a salary or hourly wage from an employer. CMHC Self-Employed Simplified is designed for borrowers who have a minimum of two years in the same type of work and a proven track of responsibly managing their debt. The product will insure mortgages on one or two unit homeowner properties and will also be available for refinance transactions, for mortgages up to 90 per cent of a home's value.