CMHC Mortgage Loan Insurance

Did You Know?

If your down payment is under 20% of the purchase price, you will need mortgage insurance on your loan. We will determine the size of this premium and automatically include it in the calculations. Mortgage insurance is only available when the purchase price is below $1,000,000.

Source: https://www.cmhc-schl.gc.ca/consumers/home-buying/mortgage-loan-insurance-for-consumers/what-is-mortgage-loan-insurance