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Moving Homes? Ask About Porting Your CMHC Insurance.
October 3, 2026 | Posted by: Craig Nickerson
If your current mortgage is CMHC-insured, you may be able to transfer that mortgage insurance to your next home, reducing or avoiding an additional insurance premium.
Insurance portability vs. porting your mortgage
Mortgage insurance portability is separate from porting your mortgage rate and terms. Both deserve a review when planning your move.
When an additional premium may apply
Depending on the new mortgage balance, remaining amortization and loan-to-value ratio, you may qualify for straight portability with no additional premium. If your borrowing or loan-to-value ratio increases, an additional premium may apply.
The two-year premium credit
A separate premium credit may also be available when the new insurance request is made within two years of your original mortgage closing. Insurance portability can remain available beyond two years, although that credit does not.
Talk to Craig before you finalize your sale and purchase
Timing, borrower eligibility and the details of both properties matter, so speak with Craig before finalizing your sale and purchase. If you're relocating with the military, this is worth reviewing early in your move.
Even if we didn't arrange your original mortgage, we're happy to review your options.
Call or text Craig at 613-394-5810 or email craig@simpligomortgages.com.
Subject to lender and CMHC approval, eligibility and timing requirements.
