What CMHC programs can benefit you, and how do they work?
CMHC offers a range of mortgage loan insurance products tailored to different homeowner needs, helping more Canadians achieve homeownership.
Key Points
You can use CMHC to buy a home that needs renovations or to finance the construction of a new home.
If you're new to Canada, CMHC can help you get a mortgage, even if you're not a permanent resident.
CMHC can help self-employed individuals get a mortgage by using alternative ways to verify your income.
Get a 25% refund on your CMHC insurance if you buy or build an energy-efficient home.
You could get a 25% refund on your CMHC insurance if you spend at least $20,000 on energy-saving home improvements.
If you've used CMHC insurance before, you might save money on your next mortgage insurance premium when you move.
Primary sources
Primary sources cited by the Ratellow Research Team. Editorial standards · Correction policy
Related Questions
How does the stress test affect my 2026 renewal options?
Same-lender renewals and uninsured straight switches (OSFI, November 21, 2024) are exempt from the prescribed MQR. A refinance, an insured switch, or any increase in loan amount still requires the stress test — greater of 5.25% or contract + 2%.
What's the difference between insured and uninsured mortgage renewals?
Insured mortgages face stricter CMHC/Sagen constraints while uninsured mortgages enjoy flexible OSFI-only guidelines.
Should I consider switching lenders or negotiate with my current lender?
Your switching decision hinges on rate differential versus requalification risk, with break-even analysis determining optimal strategy.
When should I start my mortgage renewal process?
Start your renewal process 120-180 days before your current term expires to maximize your strategic options.