CMHC Undercuts Sagen and Canada Guaranty

CMHC has massively undercut private default insurers on 30-year insured amortizations.

Effective August 1, Canada's housing agency will be charging just 20 bps extra for insured first-time buyers who want a 30-year am. That's dialling all the way back to what CMHC charged in 2012, the last time it offered insured 30-year amortizations on residential loans.

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