LINKS/Anything Home Articles

1. Technical House Questions
2. Rental units ease financial burdens for purchasers
3. Get Proof of Basement Suite's Legality before Buying
4. Second Suites in Toronto (Accessory Apartments)

Toronto Mortgage Rates

Check the latest preferred Toronto mortgage rates.

Call us for a broker recommendation for your particular situation.

Canadian Mortgage Calculators

1. Canadian Mortgage Isolator Calculator
2. Canadian Mortgage Payment Calculator
3. Land Transfer Tax Calculator
4. Maximum Mortgage Calculator Canada

CMHC Calculator

Canada Mortgage & Housing Corp. is required to insure all mortgages that are less than 20% down payment (also called high ratio mortgage). Can be added to principal mortgage amount or paid at closing.

An affordable form of insurance

The premium for your Mortgage Loan Insurance is calculated as a percentage of the loan and is based on your down payment as a percentage of your home's purchase price.

• Premiums range from 0.5% to 2.75% (see chart below).
• A .25% premium surcharge is added to the premium if you choose a standard variable rate mortgage.
• A .50% surcharge is added to the premium if progress advances are required.
• You can pay this premium in a single lump sum, or add it to your mortgage and include it in your monthly payments.
• A representative of your lender or mortgage broker will calculate the amount of your premium for you, as well as the application fee.

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