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Canadian Mortgage and Housing Corporation (CMHC)

Home Ownership by Country


What is 'Canadian Mortgage and Housing Corporation - CMHC'

A division of the Government of Canada that acts as Canada's national housing agency. The CMHC's mandate is to help Canadians access a variety of affordable housing options. It also researches housing and real estate trends in Canada and around the world, providing research to consumers, businesses and other government divisions. The major activity of the CMHC, and the one for which it is best known, is mortgage loan insurance, which insures approved lenders (such as Canada's chartered banks) against borrower default. Mortgage loan insurance provides approved borrowers access to low-cost mortgage rates. CMHC approved buyers may purchase property with as little as 5% down payment.

Explaining 'Canadian Mortgage and Housing Corporation - CMHC'

One in three Canadians receives some form of help from the CMHC in financing or purchasing a home. The agency also provides valuable financing help to consumers, housing professionals, mortgage financiers, real estate investors and parties interested in learning about the Canadian housing market.


Further Reading


The political economy of mortgage securitization and the neoliberalization of housing policy in CanadaThe political economy of mortgage securitization and the neoliberalization of housing policy in Canada
journals.sagepub.com [PDF]
… 20 Canadian Bankers Association (2010) “Canada's Strong Banking System: Benefiting Canadians,” April, p. 2 … involvement in residential mortgages through the CMHC works well in Canada, but the … The Canadian system, including the stability provided by the CMHC, has been …

C anada's Housing Bubble Story: Mortgage Securitization, the State, and the Global Financial CrisisC anada's Housing Bubble Story: Mortgage Securitization, the State, and the Global Financial Crisis
onlinelibrary.wiley.com [PDF]
… 20 Canadian Bankers Association (2010) “Canada's Strong Banking System: Benefiting Canadians,” April, p. 2 … involvement in residential mortgages through the CMHC works well in Canada, but the … The Canadian system, including the stability provided by the CMHC, has been …

How the Canadian housing finance system performed through the credit crisis: Lessons for other marketsHow the Canadian housing finance system performed through the credit crisis: Lessons for other markets
jsf.pm-research.com [PDF]
… 20 Canadian Bankers Association (2010) “Canada's Strong Banking System: Benefiting Canadians,” April, p. 2 … involvement in residential mortgages through the CMHC works well in Canada, but the … The Canadian system, including the stability provided by the CMHC, has been …

Housing finance in Canada: Looking back to move forwardHousing finance in Canada: Looking back to move forward
journals.sagepub.com [PDF]
… 20 Canadian Bankers Association (2010) “Canada's Strong Banking System: Benefiting Canadians,” April, p. 2 … involvement in residential mortgages through the CMHC works well in Canada, but the … The Canadian system, including the stability provided by the CMHC, has been …

Housing finance and housing subsidies in CanadaHousing finance and housing subsidies in Canada
journals.sagepub.com [PDF]
… 20 Canadian Bankers Association (2010) “Canada's Strong Banking System: Benefiting Canadians,” April, p. 2 … involvement in residential mortgages through the CMHC works well in Canada, but the … The Canadian system, including the stability provided by the CMHC, has been …



Q&A About Canadian Mortgage and Housing Corporation (CMHC)


Who provides mortgage loan insurance?

The CMHC provides mortgage loan insurance for approved lenders such as Canada's chartered banks.

What is the CMHC?

The Canadian Mortgage and Housing Corporation (CMHC) is a division of the Government of Canada that acts as Canada's national housing agency.

How much down payment is required when buying property with mortgage loan insurance from the CMHC?

Five percent or less down payment is required when buying property with mortgage loan insurance from the CMHC.

How many people receive help from the CMHC in financing or purchasing a home?

One third of Canadians receives some form of help from the CMHC in financing or purchasing a home.

What does the CMHC do?

The CMHC helps Canadians access affordable housing options. It also researches housing and real estate trends in Canada and around the world, providing research to consumers, businesses and other government divisions.

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