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Just to add to what's already been said - the schedule of premiums simply indicate the cost. The requirement to have the insurance is a separate matter and is only required at the 20% and under down payment level.

With respect to holding your own mortgage inside your RRSP: then you are required to purchase mortgage default insurance (from CMHC or GE Capital Insurance Canada). The lowest you can expect to pay is the premium of 0.50% of the total mortgage amount (for loan-to-value ratios up to 65%). While it is an extra cost, note that this is actually a good thing as if you default on your mortgage, the insurance will serve to protect your retirement savings!
 
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