Mortgages designed for Life
Mortgage Calculator

Mortgage Calculator

You can enter a loan amount and find out what your estimated monthly payments would be...

House Price
Down Payment
Interest Rate
%
Term Length
years
your payment is:

or enter the amount you want to pay per month and find out what size of mortgage you can afford.

Monthly Budget
Interest Rate
%
Term Length
years
 
 
mortgage amount:

Industry News

 Canadian mortgages are remarkably low-risk assets, at least according to historical data.

 

BMO Capital Markets put out a recent report that underlined that point. Since 1979, loan losses on uninsured mortgages have averaged a paltry 2-3 basis points, notes author John Reucassel. That’s just $20-30 per $100,000 of mortgages.

 

Even during the 1990 recession, uninsured mortgage losses topped out at 6 bps. (The peak was in the early 80s when credit losses hit 12 basis points.)

 

You’d expect insured mortgages to be more risky, but from a loss standpoint, CMHC’s losses have averaged a very reasonable 9 bps over time. In the big scheme of things, 9 bps is small potatoes. 

Remember that CMHC charges borrowers up to 275 basis points (of their principal) on a typical insured mortgage
Back to News

Archives

2014 [34] 2013 [62] 2012 [83] 2011 [148] 2010 [88]