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Maxwell Challenge Realty
201-6650 177 ST, Edmonton, Alberta
P: 780-271-3900
F: 780-444-8017
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January 17,2017

Got some news this morning that CMHC premiums on default insured high ratio mortgages will be increasing effective March 17th 2017.

This would impact you if you were planning on putting less than 20% down payment on your home.


Here are the changes:

Loan-to-Value Ratio         Standard Premium (Current)      Standard Premium (Effective March 17, 2017)

Up to and including 65%                   0.60%                                          0.60%

Up to and including 75%                   0.75%                                          1.70%

Up to and including 80%                   1.25%                                           2.40%

Up to and including 85%                   1.80%                                           2.80%

Up to and including 90%                    2.40%                                          3.10%

Up to and including 95%                    3.60%                                          4.00%

90.01% to 95%                                     3.85%                                          4.50%



Joyce Tang | Mobile Mortgage Specialist | RBC Royal Bank | Royal Bank of Canada | T. 780-655-1880 | F. 780-401-3383 |


7903 137 Street.....Check out the property of the week!

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New  Exclusive Listing In Valleyview


13711 90 Avenue

Located in one of Edmonton's most Exclusive Neighbourhoods. Stellar location and a 11,000sf lot with south facing backyard This 2700 SF 5 bedroom 3.5 bath executive family home has been renovated from top to bottom.             

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