CMHC Increasing Mortgage Insurance Premiums
CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. See link below for more details https://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-01-17-0830.cfm CMHC’s standard mortgage loan insurance premiums will be changing as follows: Loan-to-Value Ratio Standard …