Just in....mortgage insurance premiums hike once again.
Well, just marginally and this only affects those that put less than 10% down. So attention many first-time-home-buyers. The graph below explains the monthly amount your mortgage will increase by.
CMHC made this announcement early Tuesday, January 17th, 2017 and will be effective March 17th, 2017.
Our last hike in insurance premiums happened less than 2 years ago in April 2015.