Premium rates
| Loan-to-value | Premium |
|---|---|
| Up to 65% | 0.60%* |
| 65.01% – 75% | 1.70%* |
| 75.01% – 80% | 2.40%* |
| 80.01% – 85% | 2.80% |
| 85.01% – 90% | 3.10% |
| 90.01% – 95% | 4.00% |
*Optional (portfolio) insurance – not needed with 20% down. Add 0.20% for a 30-year amortization. The premium is added to the mortgage, but Ontario (8%), Quebec (9%) and Saskatchewan (6%) charge sales tax on it, payable in cash at closing. Since December 15, 2024 insured mortgages are available up to $1.5 million.
FAQ
How much is CMHC insurance on a $650,000 home with $50,000 down?
$24,000 (4.00% of $600,000), plus $1,920 Ontario PST at closing.
Sources (checked Nov 6, 2026): CMHC Homeowner Mortgage Loan Insurance premiums; Department of Finance mortgage rule changes (Dec. 15, 2024).