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CMHC eases qualifying for mortgage insurance

CMHC eases qualifying for mortgage insurance
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Plenty of room for house prices in Canada to rise as interest rates stay low

Plenty of room for house prices in Canada to rise as interest rates stay low
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Private-sector mortgage insurers say they're gaining market share in wake of CMHC tightening rules

Article content Another Canada Mortgage and Housing Corp. competitor in the loan-default insurance industry says it gained market share following changes the Crown agency made last summer, a trend the government-owned company has warned could weaken its ability to respond to a crisis. Regulatory data for Canada Guaranty Mortgage Insurance Co., which is owned by Ontario Teachers’ Pension Plan and Canadian financier Stephen Smith, showed business was booming as of the end of the third quarter. We apologize, but this video has failed to load. Try refreshing your browser, or Private-sector mortgage insurers say they re gaining market share in wake of CMHC tightening rules Back to video

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