Mind the bare word: in Spanish, "CMHC" in a search engine returns blood-test results. In Quebec the documents always carry the French acronym SCHL. Two private insurers play the same role (Sagen and Canada Guaranty); insurance is mandatory whenever the down payment is under 20%.
Since December 15, 2024, the maximum insurable purchase price is $1,500,000. An insured loan allows buying with a 5% down payment and, for first-time buyers and new builds, a 30-year amortization.