30 August 2012

CMHC is very close to the limit

The largest Canadian mortgage default insurer – CMHC – is getting closer
to its $600 billion limit, implemented earlier by the government. It
has only $24 billion left. The recent CMHC’s report shows that on June
30, 2012 it had $576 billion of insurance-in-force. It’s 1% higher than
in the previous quarter and even 2% higher than a year ago…
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