30 August 2012
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… Read more |