CMHC To Increase Mortgage Insurance Premium

CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. 

CMHC’s standard mortgage loan insurance premiums will be changing as follows:

Loan-to-Value Ratio

Standard Premium (Current)

Standard Premium (Effective March 17, 2017)

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%

 

 

At the moment, Valueland has a promotional rate for High Ratio Insured mortgage at 1.99% (5-year variable rate).

Lower rate available upon inquiry.