CMHC agrees to make more information public
Canada’s largest mortgage default insurer has agreed to industry demands to make more information about its portfolio public.
After requests from several economists, The Canada Mortgage and Housing Corporation (CMHC) has agreed to make more of its previously unavailable information public. It is the belief of some that obtaining as much information as possible about the current housing market could assist in the prevention of a collapse.
The report will include details about the mortgages that CMHC currently insures, including amortization lengths, geographic breakdowns, mortgage amounts, and other statistics. It is the hope that this supplemental document will provide readers with a clearer understanding of the fuction of the Crown corporation.