Buyers of homes worth more than 1m Dollar have been able to get mortgage-default insurance from CMHC with a downpayment of only 5%.

价值过百万美元住宅的买主能得到由CMHC担保的债务违约保险以及首付仅付5%的优惠待遇。

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The Banks insure the rest of their portfolios with the CMHC, which keeps them honest by applying strict standards to the mortgages they guarantee.

而银行和CMHC一起为按揭者的剩余组合资产提供保险。人们获得的按揭贷款遵循了严格的标准，这使得加拿大人诚肯踏实。

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Canadians taking out mortgages with a loan-to-value ratio over 80% must also take out insurance on them from a federal agency called the Canada mortgage and Housing Corporation (CMHC).

加拿大人在获得按揭时，贷款额与抵押物价值比超过80%，同时还必须从名叫加拿大按揭房屋公司(CMHC)的一家联邦机构对其进行保险。

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But after July 9th mortgages for homes of this value will not be eligible for CMHC coverage.

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