Mortgage Default Insurance

Mortgage default insurance is provided in Canada by two companies.  This allows borrower to get a mortgage with as little as 5% down payment.

Genworth Canada - Mortgage Insurance and House Ownership

CMHC - Canadian Mortgage & Housing Corporation

CMHC Default Insurance Rates.


Loan-to-Value

Premium Rate

Top-Up Premium

Up to and including 65%

0.60%

0.60%

Up to and including 75%

1.70%

5.90%

Up to and including 80%

2.40%

6.05%

Up to and including 85%

2.80%

6.20%

Up to and including 90%

3.10%

6.25%

Up to and including 95%

4.00%

6.30%

90.01% to 95%

4.50%

6.60 %

Genworth Rates.


Loan-to-Value

Premium Rate 

Top-Up Premium

Up to and including 65%

0.60%

0.60%

Up to and including 75%

1.70%

5.90%

Up to and including 80%

2.40%

6.05%

Up to and including 85%

2.80%

6.20%

Up to and including 90%

3.10%

6.25%

Up to and including 95%

4.00%

6.30%


Ontario CMHC insurance calculator

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