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CMHC Insurance Fees Increase


Effective June 1, 2015, the mortgage loan insurance premium rate for loans between 90.01% and 95.00% loan-to-value ratio 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. The premium schedule will be as follows:
Standard
Loan-to-Value Ratio
Total Loan Amount
Increase to Loan Amount
Up to and including 65.00%
0.60%
0.60%
65.01% to 75.00%
0.75%
2.60%
75.01% to 80.00%
1.25%
3.15%
80.01% to 85.00%
1.80%*
4.00%*
85.01% to 90.00%
2.40%*
4.90%*
90.01% to 95.00%
3.60%*
5.65%*
90.01% to 95.00% (Non-traditional Sources of Equity)
3.85%*
*

Free Booklets


These are just a few reports that are FREE on CMHC website. You can also order the actual booklets - in print- for FREE. 

Click Here to go to their website  There are lots more to choose from!

      

Home Buying Guide - Step by Step

Buying Your First Home In Canada

Homebuyers Checklist - A Newcomers Guide and Workbook

Renting Your First Home in Canada

Housing for Older Canadians - The Definitive Guide for over 55

About Your Apartment - Water and Energy Saving Tips

CMHC New condos Booklet
Step By Step Tips on Buying Your New Condo
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Online Reports


Fill out your email below to receive these free reports from TREB

Condominium Buyer's Guide
tons of information for both the new and experienced condo buyer! a great read for investors and realtors alike.
Buying a Condo TREB Guide
TREB 's version of what you need to know when buying a condo
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Free downloads From CMHC


Click on buying a home to get a FREE DOWNLOAD or you may order the booklet from CMHC to hand out to your clients.


Canada Mortgage and Housing Corporation


Follow This Link For More Information. It Will Take You Directly To The Canada Mortgage and Housing Corporation Site.

www.cmhc.ca