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 RatioStandard Premium (Current)Standard Premium (Effective March 17, 2017)
Up to and including 65%0.60%0.60%
Up to and including 75%0.75%1.70%
Up to and including 80%1.25%2.40%
Up to and including 85%1.80%2.80%
Up to and including 90%2.40%3.10%
Up to and including 95%3.60%4.00%
90.01% to 95% Non-Traditional Down Payment3.85%4.50%
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Scroll to Top