CMHC Mortgage Insurance Premiums Increase — How will the changes affect you?
Effective today, June 1, 2015, Canada Mortgage and Housing Corporation (CMHC) is increasing mortgage insurance premiums by 15 per cent for homebuyers making less than a 10 per cent down payment. Mortgage insurance is typically required by lenders if a homebuyer’s down payment is less than 20% of the total purchase price of the home. …
CMHC Mortgage Insurance Premiums Increase — How will the changes affect you? Read More »