Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

CMHC’s capital was soaring even before price hike Add to ...

Subscribers Only

Canada Mortgage and Housing Corp. says it needs to raise prices for mortgage insurance to reflect higher capital targets – even though its stockpile of capital is already growing quickly under the old prices. That suggests there is more at play with this move.

The public line for the price increases announced Friday is that they “reflect higher capital targets.” That’s a good thing because it reduces the exposure of taxpayers, who own CMHC, to any losses at the insurer.

Report Typo/Error

Follow us on Twitter: @GlobeBusiness

Next story




Most popular videos »

More from The Globe and Mail

Most popular