Quote:
Originally Posted by GGG
What does the chmc balance sheet look like over the past twenty years? It has to be pretty good because the most you would ever lose is 20%. The market has been continually up minimizing losses. So what has the cmhc done with its profits?
At 3% for high ratio and assuming 30% loss they can afford 1 in 10 failing. There is a reason private insurers also offer the same rates
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Someone on facebook claimed CMHC pulled in nearly 1.3B in the first 9 months of last year.