What is CMHC?

CMHC stands for the Canada Mortgage and Housing Corporation. It is a federal government agency that provides mortgage loan insurance, promotes affordable housing, and conducts research on the housing market. CMHC’s mortgage loan insurance helps lenders manage their risk by protecting them in case a borrower defaults on their mortgage loan. Your mortgage lender will advise you whether your mortgage is insured by CHMC.

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Updated on August 24, 2023