What the CMHC premium hike means for you
The average new homebuyer will see an added cost of $8.74 monthly
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The average new homebuyer will see an added cost of $8.74 monthly
| Down payment % | Standard premium (current) | Standard premium (before March 17) |
| 5% to 9.99% | 4% | 3.6% |
| 10% to 14.99% | 3.1% | 2.4% |
| 15% to 19.99% | 2.8% | 1.8% |

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