CMHC to rein in mortgage liabilities to $545B this year


Canada's national housing agency expects to trim the amout of insured mortgages it's keeping on it's books this year, a continuation of a multiyear trend that started in 2011.  The Canada Mortgage and Housing Corporation (CMHC) said in its annual report released Monday it expects to have a total of $545 billion worth of insurance in force by the end of 2014.  That's down from $557 billion for fiscal 2013, itself a reduction of 1.6 per cent from the 566 billion it had in 2012.

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Michael James

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