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Brenda MacDonald
Sales Representative

iPro Realty Ltd., Brokerage
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Best Fixed - 5 year
3.39%

 

CMHC NEW PREMIUM INSURANCE RATES  

 

Effective May 1st, CMHC's mortgage insurance premiums will increase by

approximately 15% on average for all loan-to-value ranges

 

Here are the new premiums:



Loan-to-Value Ratio                                      Standard Premium
(Effective May 1st, 2014)

Up to and including  65%                              0.60%

Up to and including  75%                              0.75%

Up to and including  80%                              1.25%

Up to and including  85%                              1.80%

Up to and including  90%                              2.40%

Up to and including  95%                              3.15%



BFS Self-Employed Stated Income          Effective May 30th, this program
will be eliminated

Up to and including  65%                              0.90%

Up to and including  75%                              1.15%

Up to and including  80%                              1.90%

Up to and including  85%                              3.35%

Up to and including  90%                              5.45%

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