What is CMHC mortgage insurance in Canada?

CMHC (Canada Mortgage and Housing Corporation) mortgage insurance is required when your down payment is less than 20% of the home purchase price. The premium ranges from 2.4% to 4% of the mortgage amount depending on your down payment size, and is added to your mortgage balance.

Does Alberta have a land transfer tax?

No. Alberta does not charge a provincial land transfer tax. Instead, Alberta charges a small Land Title Transfer Fee based on the property value, which is significantly lower than the land transfer taxes charged in provinces like Ontario, BC, and Quebec.

What is the difference between bi-weekly and semi-monthly mortgage payments?

Bi-weekly payments are made every two weeks (26 payments per year), while semi-monthly payments are made twice per month (24 payments per year). Bi-weekly payments result in one extra monthly payment per year, which can significantly reduce your amortization period and total interest paid.

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🇨🇦 2025 Canadian Rates

Canadian Mortgage Calculator

Calculate your mortgage payments, CMHC insurance, land transfer tax, and view a full year-by-year amortization schedule. Supports all provinces.

✓ Monthly / Bi-Weekly / Weekly ✓ CMHC Insurance ✓ Land Transfer Tax ✓ Amortization Table ✓ All Provinces

Estimation only. Based on standard Canadian mortgage formulas and current CMHC rules. Interest rates change daily — consult your lender for a firm quote. Land transfer tax rates are approximate.

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20.0% down — no CMHC insurance required

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Enter your home details and click Calculate Mortgage to see your payment breakdown, CMHC insurance, and land transfer tax.