CMHC to Increase Mortgage Insurance Premiums

Last Friday the Canadian Mortgage and Housing Corporation, (CMHC), announced that it will raise mortgage insurance premiums starting on May 1st of this year. The increase in premiums is expected to raise up to $175 million for the CMHC and help to mitigate risk to taxpayers. “The higher premiums reflect CMHC’s higher capital targets, CMHC’s