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CMHC increasing premiums effective June 1st

4/7/2015

1 Comment

 

CMHC to Increase Mortgage Insurance Premiums

OTTAWA, April 2, 2015 -- As a result of its annual review of its insurance products and capital requirements, CMHC is increasing its homeowner mortgage loan insurance premiums for homebuyers with less than a 10% down payment. Effective June 1, 2015, the mortgage loan insurance premiums for homebuyers with less than a 10% down payment will increase by approximately 15%.


For the average Canadian homebuyer who has less than a 10% down payment, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. This is not expected to have a material impact on housing markets.

http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2015/2015-04-02-1605.cfm


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1 Comment
Tile Contractors Yuba City link
8/11/2022 04:36:41 am

Thank you for writing thhis

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  • Home
  • Services and Products
    • Mortgage Features
    • Collateral Mortgage Versus Standard Charge Mortgage
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    • Mortgage Refinance
    • Mortgage Renewal
    • Buying your Home
  • Mortgage Calculators
  • Rates
  • Contact
  • About
    • About Rita Cousins
    • The Cousins Team
  • Blog