May 26th - 2014

Market Watch: CMHC to increase mortgage insurance premiums

Following the annual review of its insurance products and capital requirements, CMHC is increasing its mortgage loan insurance premiums for home owners and rental properties of one to four units, effective May 1.

Hand tots up expenses

Hand tots up expensesFollowing the annual review of its insurance products and capital requirements, CMHC is increasing its mortgage loan insurance premiums for home owners and rental properties of one to four units, effective May 1. The increase applies to mortgage loan insurance premiums for owner-occupied, self-employed and one- to four-unit rentals, including low-ratio refinance premiums. The increase does not apply to mortgages currently insured by CMHC, which reviews its premiums on an annual basis. To read the full news release, visit www.cmhc.ca and click on Newsroom. 


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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246