- CMHC’s new premium rates will be effective for new mortgage loan insurance requests submitted on or after May 1, 2014.
- The current mortgage loan insurance premiums will apply for applications submitted to CMHC prior to May 1, 2014, regardless of the closing date. As is normal practice, complete borrower and property details must be submitted to CMHC when requesting mortgage loan insurance.
If you 're in thr market to buy or sell house, even invest in properties and putting down less than 20% you can SAVE $$$$ up to 15% of the PREMIUM if you close the deal before MAY 1st
Pasted from :- CMHC