DOOM. EVERYDAY.  (he's at it again)

"With a mortgage of $550,000 and a down payment of between 5 and 9.99 per cent, the extra cost per month is $10.35. On an $850,000 mortgage, the extra cost is $15.98"

ANYONE with an $850k mortgage with monthly payments of about $3900 can handle $15.98 per month!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

If you can't, you should not be getting the mortgage in the first place.  Besides, I personally don't think CMHC should be insuring $850k mortgages anyway, but that's an argument for a different day.

Stop the insanity Rob.