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CMHC Raises Premium AGAIN - Target Homebuyers < 10% Down Payment
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04-02-2015, 04:24 PM
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Mortgage Made Easy
Scoring Winger
Join Date: Sep 2014
Location: Calgary, AB
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Quote:
Originally Posted by
V
I thought the premium was only 3.15% for 5% down. 2.4% for less than 10% down. Am I reading this table wrong?
http://www.cmhc-schl.gc.ca/en/co/moloin/moloin_005.cfm
The announcement is for a premium increase starting June 1.
The 3.15% will increase to 3.60% and the rest of the table remains the same.
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