Thanks for the question.
Here is a quick answer, but more info can be found at http://www.cmhc-schl.gc.ca/.
For over 60 years, CMHC has helped millions of Canadians meet their housing needs. CMHC provides mortgage loan insurance that enables you to buy a home sooner with a minimum down payment of 5%. And CMHC is there with you every step of the way — with information before, during and after your home purchase.
ZDog