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Wednesday, June 03, 2015

CMHC goes from insuring 90% of new mortgages to only 50% — and that’s as low as it plans to go

Canada’s national housing agency says it’s now insuring a record low 50 per cent of new residential mortgages, and it doesn’t intend to let it drop any further.
http://business.financialpost.com/personal-finance/mortgages-real-estate/cmhc-goes-from-insuring-90-of-new-mortgages-to-only-50-and-thats-as-low-as-it-plans-to-go

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