Premiums for homebuyers with a down payment of 10 per cent or more and for CMHC's portfolio insurance and multi-unit insurance products are unchanged.
The changes do not apply to mortgages currently insured by CMHC.
CMHC says the increase follows an annual review of its insurance products and capital requirements.
It estimated that for the homebuyer who has less than a 10 per cent down payment and borrows $250,000, the higher premium will result in an increase of about $5.20 to the monthly mortgage payment.
