[UPDATE] Canada Guaranty Mortgage Insurance Premiums to Increase May 1, 2014
March 26, 2014 | News Releases
Effective May 1, 2014, Canada Guaranty will amend its mortgage default insurance premium rates to reflect an average increase of 15 per cent. These changes will not affect currently insured Canada Guaranty mortgages, but will apply to applications submitted on or after May 1, 2014. To learn more about these changes and help answer some of the questions you may have, please take a moment to review the detailed communication, included below.
Throughout this transition, please do not hesitate to contact your dedicated Account Executive or speak with a member of our National Underwriting Team with any questions.