CMHC is Increasing Mortgage Insurance Premiums

CMHC will be increasing its Mortgage Insurance Premiums on March 17, 2017. I have linked an attachment which is a news release from CMHC regarding these changes and how they will impact current CMHC buyers.


If you have any questions about the increase you can contact your bank or a mortgage broker. Please note that these changes do not impact mortgages currently insured by CMHC.

 

The full press release from CMHC can be read on their website at,


 

https://www.cmhc-schl.gc.ca/en/corp/nero/nere/2017/2017-01-17-0830.cfm

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