CMHC commercial mortgage premiums
Standard Rental Housing insurance premiums
| Loan to value |
Purchase / Refinance |
Construction financing |
| Up to 65% LTV |
1.75% |
2.50% |
| Up to 70% LTV |
2.00% |
3.00% |
| Up to 75% LTV |
2.50% |
3.50% |
| Up to 80% LTV |
3.50% |
4.25% |
| Up to 85% LTV |
4.50% |
5.25% |
Multi unit application fees
|
No construction |
Construction |
| Properties with 5+ units |
$150 per unit or $100 per bed |
$200 per unit or bed |
| For the first |
100 units or beds |
100 units or beds |
| After |
$100 per unit or bed |
$100 per unit or bed |
| To a maximum |
$55,000 per loan |
$55,000 per loan |
| Additional fee for CMHC-approved advances |
Not applicable (two advances are permissible) |
$350 per advance (beginning with the 3rd advance) |
| Additional fee for non-residential components when the loan amount relating to non-residential components exceeds $100,000 |
0.30% of the non-residential loan amount |
0.30% of the non-residential loan amount |
Call
647-870-7004 to go over any questions you might have.
