Hate to 'nit pick', but the current rate is 3.6%. The new rate is 4.0% for that scenario - see announcement from CMHC.  

It is no wonder why the 'secondary loans, bundled loans, second mortgage, or whatever you want to call them are becoming more popular.  The market for bundled loans is bound to grow more quickly with this added cost.


https://twitter.com/i/web/status/821349107268784129