On May 1st, 2014 CMHC will increase the amount of insurance premium added to your mortgage if you have less than 20% down payment.  If you are house shopping and your purchase may close after May 1st please come and speak to a Mortgage Professional to ensure that you can qualify for the price range that you are looking at.

Email us at info@mtgprof.com or call us at 613-384-4000 for more details.

Please see link from CMHC: http://www.marketwired.com/press-release/cmhc-to-increase-mortgage-insurance-premiums-1884122.htm