Skip to content
CMHC Home Canada Mortgage
and Housing Corporation
  • Sign In or Register
  • Français
  • MENU
MENU
× Français
  • Home
  • Professionals
    • Project funding and mortgage financing
      • Funding programs
        • Affordable Housing Fund
        • Affordable Housing Innovation Fund
        • Apartment Construction Loan Program
        • Canada Greener Affordable Housing
        • Community (social) housing
        • Federal Lands Initiative
        • Funding for Indigenous housing
        • Housing Supply Challenge
        • Innovation and research
        • National Housing Strategy Project Profiles
        • Rapid Housing Initiative
      • Mortgage Loan Insurance Products
        • Homeowner and Small Rental Mortgage Loan Insurance
          • CMHC Purchase
          • CMHC Improvement
          • CMHC Income Property
          • CMHC Refinance
          • CMHC Newcomers
          • CMHC Self-Employed
          • CMHC Portability
          • Eco Products for Lenders
        • Multi-Unit and Rental Housing
          • MLI Select
        • Default, claims and properties for sale
        • Underwriting centre
        • emili
        • NHA approved lenders
        • Calculating GDS / TDS
        • How to recognize and report mortgage fraud
        • Contact mortgage loan insurance
        • Insured Mortgage Purchase Program (IMPP)
      • Securitization
        • NHA Mortgage Backed Securities
        • Canada Mortgage Bonds
        • Canadian registered covered bonds
        • Blockchain in the housing industry
    • Housing markets, data and research
      • CMHC Reports Calendar
      • Housing markets
        • Housing market reports
        • Mortgage market and consumer reports
        • Fall 2024 Rental Market Report
      • Housing research
        • Consultations
          • Prohibition on the Purchase of Residential Property by Non-Canadians Act
            • Prohibition on the Purchase of Residential Property by Non-Canadians Act – Frequently asked questions
        • Housing research reports
        • Housing surveys
          • Mortgage consumer surveys
        • Research awards and scholarships
        • Understanding core housing need
        • Collaborative Housing Research Network
      • Housing data
        • Data tables
          • Household characteristics data
          • Housing market data
          • Mortgage and debt data
          • Rental market data
        • Housing market information portal
        • Residential Mortgage Industry Data Dashboard
        • CMHC licence agreement for the use of data
        • Housing Knowledge Centre
    • Industry innovation and leadership
      • Housing innovation
      • Our Partners
        • Partnerships
        • Federal, Provincial and Territorial Forum on Housing
      • Industry collaboration
        • Expert Community on Housing (ECoH)
      • Industry expertise
        • Affordable housing
        • Indigenous housing
        • Senior housing
        • Accessible and adaptable housing
        • Developing sustainable housing
        • Resources for mortgage professionals
        • CMHC newsletters
    • Events and speakers
      • Conferences
        • 2024 National Housing Conference
          • About
          • National Housing Conference - Agenda
          • Location
          • InnoZone
          • Details for participants
      • Speakers’ bureau
        • Kevin Hughes
  • Consumers
    • Buying a home
      • Homebuying calculators
        • Mortgage calculator
        • Affordability calculator
        • Debt service calculator
      • Buying guides
        • Homebuying step by step
        • CMHC's condominium buyer's guide
      • Mortgage loan insurance for consumers
        • What is CMHC mortgage loan insurance?
        • Do I qualify for mortgage loan insurance?
        • CMHC mortgage loan insurance costs
        • CMHC's Eco Products
          • CMHC’s Eco Improvement
          • CMHC Eco Plus
        • CMHC — home renovation financing options
        • FAQs — mortgage loan insurance
      • Incentives for homebuyers
      • Newcomers
      • The First-Time Home Buyer Incentive
    • Owning a home
      • Manage your mortgage
        • Mortgage fraud
        • Mortgage planning tips
        • Plan and manage your mortgage
        • Your credit report
        • Your home value
      • Aging in place
        • Housing options for Seniors
        • Housing and finance tips
        • Mortgage financing options for people 55+
        • Preventing fraud and financial abuse
    • Renting a home
      • I want to rent
        • Things to consider before renting
        • Types of housing for rent in Canada
        • Finding or advertising a rental property
        • Visiting the rental property
        • Lease and rental agreements
        • Signing the lease
        • Credit checks and bad credit
        • Rental payments and deposits
        • Roommates and pets
      • I am renting
        • Moving day
        • Landlord/Tenant responsibilities
        • Inspections
        • Maintenance and repairs
        • Complaints and evictions
        • Rent increases
        • When you can't pay rent
        • Renewing or terminating the lease
        • Moving out
      • One-Time Top-Up to the Canada Housing Benefit
      • COVID‑19: eviction bans and suspensions to support renters
  • About CMHC
    • CMHC’s goals, values and commitment to housing
    • Discover Life at CMHC
    • Management and governance
      • Speakers’ bureau
      • CMHC's Annual Public Meeting
      • CMHC’s board of directors and committees
      • Our management committee
      • Pension governance
        • Pension overview
        • Key roles and responsibilities
        • Annual reports
    • Corporate reporting
      • CMHC’s 2023 Annual Report
      • Program evaluation
      • Quarterly financial reports
      • Joint auditors special examination report to CMHC board 2018
      • CMHC’s Insured Mortgage Deferral
      • Corporate Plan Summary
      • Transparency
        • Access to information and privacy protection
        • Accessibility at CMHC
        • Accessibility feedback process
        • Briefing materials
        • Procurement
          • Vendor Diversity Program
        • Travel, hospitality and conference expenditures
    • Contact us
      • Contact mortgage loan insurance
      • Regional offices
      • Granville lsland
      • Indigenous and the North Housing Solutions
      • National office
      • Holiday service hours
  • Media Newsroom
  • National Housing Strategy
    • What is the strategy?
      • About the initiatives
      • How to apply
      • Help and resources
      • Priority areas for action
      • The National Housing Strategy Glossary of Common Terms
      • The Strategy in Action
    • Federal/Provincial/Territorial housing agreements
    • Other funding and financing opportunities
  • The Housing Observer
  • Canada’s Housing Podcast
  • Careers
  • Housing Knowledge Centre
 
  • Home
  • Professionals
  • Project funding and mortgage financing
  • Mortgage Loan Insurance Products
  • Homeowner and Small Rental Mortgage Loan Insurance
  • CMHC Portability
  • Save
  • Share
Save Icon

SAVE TO MY FOLDER

CMHC Portability

SAVE
Close this Window   |   Manage my Folder
Save Icon

SAVE TO MY FOLDER

CMHC Portability

Done Done!
Close this Window   |   Manage my Folder
Share icon

Share via

  • Facebook
  • LinkedIn
  • Mail
  • print
  • CopyLink

SuccessCopyLinkVersionLink copied

Share icon

Share via

  • Facebook
  • LinkedIn
  • Mail
  • print
  • CopyLink

SuccessCopyLinkVersionLink copied

share icon

Mail-blue Share via Email

Did You Know?

You can include an email signature?

Register | Sign In

×
Google Captcha Loader
share icon

Mail-blue Share via Email

Done Done!
Close this window

CMHC Portability

Flexibility and financing choice for borrowers who are relocating

Transferring Mortgage Loan Insurance to a New Property

CMHC Portability lets your clients transfer their existing mortgage loan insurance to a new property, avoiding the need for new coverage and saving on associated costs. You can explore 2 cost-effective options with your clients. First, there’s straight portability, where no additional premium is required. Second is portability-with-increase, where additional premium is required however, premium credits may be available. Ensure your client’s mortgage loan insurance remains continuous and hassle-free with CMHC Portability.

For straight portability, the following 3 criteria must be met:

  • The amortization period of the new loan cannot exceed the amortization remaining from the original loan (up to a maximum of 25 years or a 30-year amortization through CMHC Home Start.)
  • The new loan-to-value (LTV) is equal to or less than the current LTV of the existing property.
  • The new loan amount is equal to or less than the current outstanding balance.

Example

A property was purchased 3 years ago for $200,000 at 90% LTV. The current outstanding balance is $172,000.

  • The new property purchase price is $210,000
  • A new mortgage is sought for $172,000, and the amortization will be maintained at 22 years.

What is the premium to be charged?

  • Outstanding balance = $172,000. New loan $172,000. This means no new money.
  • Current property LTV (original purchase price) = $172,000 / $200,000 = 86%.
  • New property LTV = $172,000 / $210,000 = 82% & therefore LTV has decreased.

Since there is no new money, no increase in LTV, or increase in amortization, there is no premium to be charged. This qualifies as a straight port.

For portability with increase to loan-to-value, the following four criteria must be met:

  • The maximum amortization will be the remaining amortization from original loan (up to a maximum of 25 years or 30 years amortization through CMHC Home Start).
  • The new loan amount is equal to or less than the outstanding balance.
  • The new LTV on the subsequent property is greater than the current loan-to-value on the existing property.
  • The maximum new LTV for the subsequent property is 90% (CMHC may consider a higher LTV ratio, up to 95%, when the new LTV ratio is equal to or less than the original LTV ratio – at the time of the original purchase).

Example

A property was purchased 3 years ago for $300,000 at 85% LTV.

  • The outstanding balance is $240,000 with a 22-year amortization remaining.
  • The property was just sold, and a new property will be bought with a purchase price of $240,000, an LTV of 90% (i.e., loan of $216,000), and will maintain the remaining amortization.

What is the premium to be charged?

  • Outstanding balance = $240,000 & New loan = $216,000. No new money.
  • Current property LTV = $240,000 / $300,000 = 80%.
  • New property LTV = $216,000 / $240,000 = 90%, which means an increase in LTV.
  • Amortization remains in line, no increase.

Given the increase in LTV, the risk has changed and there will be a premium charged.

Step 1: Calculate the difference in LTV: 90% - 80% = 10% increase in LTV

Step 2: Increase in LTV multiplied by the purchase price of the property: 10% X $240,000 = $24,000

Step 3: Take the above value and multiply it by the new LTV premium top-up factor: $24,000 X 6.25% = $1,500.00 is the premium due.

For portability with increase to loan amount, the following criteria must be met:

  • The maximum amortization will be the greater of the remaining amortization from original loan (up to a maximum of 25 years or 30-year amortization through CMHC Home Start) or blended amortization (a blended amortization period is subject to a 0.60% surcharge which is applied to the Increase to Loan Amount).**
  • The maximum new loan-to-value (LTV) is 90% (CMHC may consider a higher LTV ratio, up to 95%, when the new LTV ratio is equal to or less than the original LTV ratio – at the time of the original purchase).

Example

A property was purchased 5 years ago for $200,000 at 90% LTV with a 25-year amortization.

  • The outstanding balance is $162,000
  • The property was just sold and a new one will be purchased for $300,000 at 90% LTV but the amortization will be maintained.

What is the premium to be charged?

  • Outstanding balance = $162,000. New loan $270,000, which means $108,000 new money.
  • Current property LTV:  $162,000 / $200,000 = 81%.
  • New property LTV= $270,000 / $300,000 = 90%. LTV slightly increased.
  • Amortization remains in line.

This means $108,000 (new money) X 6.25% (premium for LTV of 90%) = $6,750
or
$270,000 (entire loan amount) X 3.10% = $8,370

The first option is less expensive

** Blended amortization: [(outstanding balance x Remaining Amortization) + (New funds x up to 25  years)]/Total Loan Amount

CMHC Portability Details

  • Available for all CMHC-insured mortgage loans covering residential properties originally insured by CMHC on or after April 1st, 1996.
  • Borrower(s) on the new loan must be the same as those on the original CMHC-insured loan.
  • The premium is the lesser of Premium on Increase to Loan Amount or the Premium on Total Loan Amount. Where new Premium on Total Loan Amount is paid, a premium credit may be available.
  • Maximum one CMHC-insured property per borrower/co-borrower at any given time.
  • The property must be in Canada, be suitable and available for full time / year-round occupancy and have year-round access including homes located on an island (via a vehicular bridge or ferry).

The Portability feature may allow for a Premium Credit to reduce the premium payable on a new loan insurance application. The Premium Credit is based on the elapsed time (up to a maximum of 24 months) from the original closing date of the existing CMHC-insured loan to the application received date for the new CMHC-insured loan request.

Full amortization of 25 years is available or 30 years amortization through CMHC Home Start.

Example

A property was purchased 8 months ago for $200,000 at 90% LTV. The current outstanding balance is $182,000.

  • The new property purchase price is $225,000.
  • A new mortgage is sought for $210,000 and requires an amortization of 25 years.

What is the premium to be charged?

  • Amortization needs to be extended to 25 years. No top-up option is available
  • New property LTV = $210,000 /$225,000 = 93%; LTV>90%. No top-up option is available.
  • Previous purchase within 2 years of new purchase = Port credit!

Step 1. Calculate full premium for new loan: $210,000 x 4% = $8,400.

Step 2. Premium paid 8 months ago was $5,580.

Step 3. Premium was paid within 1 year (and longer than 6 months ago); therefore 50% of $5,580 ($2,790) will be credited toward the new premium:  $8,400 - $2,790 = $5,610 is the premium due.

Eligibility requirements

Available for all CMHC-insured mortgage loans covering residential properties originally insured by CMHC on or after April 1st, 1996.

Premium Information

Below are the premium rates for borrowers insured through CMHC Portability. The application premiums are a one-time charge which may be added to the insured loan amount.

Premium Schedule for Homeowner Loans (for Owner-Occupied Property With 1 to 4 Units)

Loan-to-Value Ratio Premium on Total Loan Amount Premium on Increase to Loan Amount for Portability*
Up to and including 65% 0.60% 0.60%
65.01% to 75% 1.70% 5.90%
75.01% to 80% 2.40% 6.05%
80.01% to 85% 2.80% 6.20%
85.01% to 90% 3.10% 6.25%
90.01% to 95% 4.00% 6.30%
90.01% to 95% with non-traditional down payment 4.50% 6.60%

Premium Schedule for Small Rental Loans (for Non-Owner-Occupied Property With 2 to 4 Units)

Loan-to-Value Ratio Premium on Total Loan Amount Premium on Increase to Loan Amount for Portability*
Up to and including 65% 1.45% 3.15%
65.01% to 75% 2.00% 3.45%
75.01% to 80% 2.90% 4.30%

* The premium is calculated by multiplying the applicable Premium Rate by the Total Loan Amount (less any available Premium Credits), or the applicable Premium Rate to the Increase to Loan Amount, whichever is less.

CMHC Portability Resources

Guiding smart homeownership choices with a variety of financial planning tools.

Null

Fact Sheet (PDF)

Find full details on CMHC Portability.

Download
Null

Mortgage Calculator

Compare rates, payment frequency, amortization and more to find your best mortgage options.

Calculate using our mortgage calculator
Null

Quick Reference Guide (PDF)

Compare this product to our other mortgage loan insurance options.

Download
Null

Homebuying Calculators

Use these calculators to help your clients in their home purchase planning.

Calculate using our homebuying calculators

Help Your Clients Save With CMHC's Eco Products!

When homebuyers purchase or build energy-efficient homes, they may be eligible for a 25% partial refund on their insurance premium through CMHC’s Eco Products.

Explore

Get in Touch

Our Homeowner Underwriting Centre is backed by our dedicated team of professionals to provide mortgage loan, policy and application information.

Call us at 1-888-Go-emili
(1-888-463-6454)

Contact

Disclaimer

This material is a quick reference tool for CMHC’s common Mortgage Loan Insurance. Additional conditions may apply.

This information is subject to change at any time. Please verify with CMHC that you have the most up-to-date information before the loan is processed.

By Topic

  • Professionals
    • Project funding and mortgage financing
    • Housing markets data and research
    • Industry innovation and leadership
    • Events and speakers
  • Consumers
    • Home buying
    • Owning a home
    • Renting a home

About Us

  • CMHC's Story
  • Management and Governance
  • Our Partners
  • Corporate Reporting
  • Contact Us
  • Careers

More

  • CMHC Newsletters
  • CMHC Library
  • Housing Observer
  • Media Newsroom
  • CMHC and Accessible Housing
  • CMHC on Twitter
  • CMHC on LinkedIn
  • CMHC on Facebook
  • CMHC on Instagram
  • CMHC on YouTube
Privacy Policy    |    Terms and Conditions    |    Transparency    |    Accessibility Plan    |    Accessibility Feedback     Canada Mortgage and Housing Corporation (CMHC) ©2025 
Canada
loader icon