OTTAWA, ON, Nov. 28, 2025 /CNW/ – Canada Mortgage and Housing Corporation (CMHC) released its Quarterly Financial Report for Q3 2025 which shows demand for transactional homeowner mortgage insurance continued to increase.
CMHC’s transactional homeowner mortgage insurance continues to show strong growth, with 19,642 units insured during the three-month period ending September 30, up from 13,749 units during the same three-month period in 2024, a 43% increase. This is partly due to new mortgage rules permitting 30-year amortizations on insured mortgages, and to declining interest rates.
CMHC also continues to see strong demand for its multi-unit mortgage insurance products with 60,122 multi-unit residential units insured in the three-month period ending September 30, 2025, as homebuilders continue to turn to CMHC’s multi-unit insurance products to build new and maintain existing rental supply. In total, CMHC insured 197,573 units through its multi-unit insurance products in the first three quarters of 2025.
The recent federal budget announced the Canada Mortgage Bonds (CMB) annual limit is being increased from $60 billion to up to $80 billion. This change is expected to provide greater stability for lenders, thereby unlocking more low-cost financing for multi-unit housing.
“We are pleased to see the momentum for our commercial products continue to grow as CMHC delivers on market housing, helping an increasing number Canadians purchase homes. We also continue to facilitate an increase in rental supply through strong demand for our multi-unit insurance products. We remain committed to delivering on key Government initiatives and working with our many partners, …
Leave a Reply
You must be logged in to post a comment.