Wondering how you will be affected by the upcoming changes to CMHC mortgage insurance premiums? Below is the grid outlining the increases. Don’t worry, it won’t have a huge effect, on a $250,000 mortgage, you would be looking at about an increase in payment by about $5 per month.
Call me directly if you want me to work out the exact effect it will have on your next mortgage. I can be reached anytime at 604-729-7940.