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/