Increase to Mortgage Insurance Premiums
As a result of the new regulatory capital framework instituted by the Office of the Superintendent of Financial Institutions (OSFI) for mortgage default insurers on January 1st 2017, mortgage insurance premiums will be increasing effective Friday, March 17th.
Below are the new premiums effective March 17th:
| Loan to Value Ratio | Current | Effective March 17th |
| Up to 65% | 0.60% | 0.60% |
| 65.01% – 75% | 0.75% | 1.70% |
| 75.01% – 80% | 1.25% | 2.40% |
| 80.01% to 85% | 1.80% | 2.80% |
| 85.01% – 90% | 2.40% | 3.10% |
| 90.01% – 95% | 3.60% | 4.00% |