CMHC is Canada’s national housing agency.

Backed by more than 65 years of experience, we work with community organizations, the private sector, non-profit agencies and all levels of government to help create innovative solutions to today’s housing challenges, anticipate tomorrow’s needs, and improve the quality of life for all Canadians.

Loan-to-Value

Premium on Total Loan

Premium on Increase to Loan Amount for Portability and Refinance

Standard Premium

Self-Employed without 3rd Party Income Validation

Standard Premium

Self-Employed without 3rd Party Income Validation**

Up to and including 65%

0.60%

0.90%

0.60%

1.75%

Up to and including 75%

0.75%

1.15%

2.60%

3.00%

Up to and including 80%

1.25%

1.90%

3.15%

4.45%

Up to and including 85%

1.80%

3.35%

4.00%

6.35%

Up to and including 90%

2.40%

5.45%

4.90%*

8.05%*

Up to and including 95%

    3.60%

N/A

4.90%*

*

90.01% to 95% ***

Non-Traditional Down Payment***

3.35%

N/A

*

N/A

Extended Amortization Surcharges

Add 0.20% for every 5 years of amortization beyond the 25 year mortgage amortization period.†

 

Please visit Canada Mortgage and Housing Corporation for a better understanding and explanations.