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New CMHC Premium Rates

 

Standard Premium
(OLD)

Standard Premium
(Effective May 1st, 2014)

15% Down Payment

1.75%

1.80%

10% Down Payment

2.00%

2.40%

5% Down Payment

2.75%

3.15%

 

Self Employed:

 

Old Premium

Current Premium
(Effective May 1st, 2014)

15% Down Payment

3.35%*

6.35% *

10% Down Payment

5.45%*

8.05% *

 

For any further questions or concerns in regards to insurance premiums, please contact Rick Sekhon’s GTA Mortgage Experts Team at 905-306-7000 or email us at info@gtamtgexperts.com.

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