Do I need CMHC Insurance?

Typically lenders will require mortgage loan insurance if a borrower has a down payment of less than 20% of the purchase price of the home. By protecting lenders against borrower default, CMHC Mortgage Loan Insurance creates an opportunity for Canadians to realize their dreams of homeownership.

Use this calculator to determine the CMHC fees required when you are purchasing a home. Calculator and rates provided courtesy of