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Salt-box houses built for munitions plan employees in Ajax on land owned by Canadian Housing and Mortgage Corp (CMHC).
Salt-box houses built for munitions plan employees in Ajax on land owned by Canadian Housing and Mortgage Corp (CMHC).
(Dave LeBlanc For The Globe And Mail)

CMHC is piling up capital – fast

One thing that jumps out in Canada Mortgage and Housing Corp.’s third quarter results is the much bigger capital cushion the home loan insurer is holding.

By one measure, the level of capital held is up about 50 per cent from 2008 and 2009, when there was less scrutiny of CMHC’s stability. And that capital figure has been steadily climbing.