Blog by Majeed Rajabi

Mortgage Insurance Premiums Increasing May 1st!

February 28th, 2014

It’s time to get Approved

Mortgage Insurance Premiums Increasing May 1st!


CMHC is increasing the insurance rates for mortgage loans by 15 per cent on average.

The new premiums will go into effect May 1 and apply to all new mortgages, existing mortgages are not affected.

Buyers with less than 20% down payment will be paying more in insurance premiums. Self-Employed clients with no ...