Mortgage Insurance Calculator

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About Mortgage Insurance

Financial institutions are required by law to insure all mortgages with a loan to value ratio of less than 80%. This insurance protects the lender against borrower default.

Note: Provicial Sales Tax (8%) is applicable on mortgage insurance premiums, is due the date of closing, and is not rolled into a mortgage. Mortgage insurance premiums are exempt from the full Harmonized Sales Tax.


Mortgage Insurance Providers

CMHC

Canada Mortgage and Housing Corporation (CMHC) is Canada's national housing agency. Established as a government-owned corporation in 1946 to address Canada's post-war housing shortage, the agency has grown into a major national institution. CMHC is Canada's premier provider of mortgage loan insurance, mortgage-backed securities, housing policy and programs, and housing research. More about CMHC can be found at www.cmhc.ca

Genworth Financial

GE Mortgage Insurance Canada together, with its related affiliates, is the largest private sector mortgage insurance company in the world and the only private sector supplier of mortgage insurance in Canada. www.genworth.ca

About CanAmera

Welcome to your online real estate resource center. As qualified Real Estate professionals we understand what it takes to help buy or sell homes in todays economy. There are many questions that should be carefully answered, whether you're a first time home buyer or an experience investor - each and every real estate transaction can have its own unique challenges. That's where REALTORS® like ours should get involved to help you navigate through these multiple - and often challenging - questions. Feel free to use this website to search for current homes for sale, educate yourself more on the process of buying or selling a home and of course, feel free to contact us to get started.

CanAmera Realty Inc.

231 Shearson Crescent
Cambridge, ON N1T 1J5

 Office: (519) 624-1236
 Toll Free: 1 (866) 279-9653
 Fax: (519) 624-8950

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Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 11/13/2018 6:50:00 PM