Mortgage News
CMHC backing fewer loans
Canada Mortgage and Housing Corp. is cutting back on mortgages it insures as the Crown corporation edges closer to a $600-billion cap imposed on it by the federal government.
Published
As the Crown corporation draws closer to the 600 billion dollar cap imposed by the Federal government, the Canada Mortgage and Housing Corp. is starting to cut back on the amount of mortgages it will insure. Recently the CMHC has been met with an unexpected volume of requests for portfolio insurance. Click here to find out more ...