CMHC to hike mortgage insurance premiums starting March 17
By Pete Evans, CBC News Posted: Jan 17, 2017 10:19 AM ET Last Updated: Jan 17, 2017 4:19 PM ET
The Canada Mortgage and Housing Corporation will charge borrowers a few dollars more every month to insure their mortgages, starting in March.
The housing agency made the announcement in a release Tuesday.
Starting March 17, CMHC will charge mortgage holders slightly more every month to insure their loans.