Mortgage Rates & Mortgage Broker News in Canada |
| Sagen Overtakes CMHC as Canada’s Largest Mortgage Default Insurer Posted: 07 May 2021 07:31 AM PDT The Canada Mortgage and Housing Corporation (CMHC) has reportedly lost its title as Canada’s largest provider of mortgage default insurance. The national housing agency’s total market share has slipped to just under 30%, according to a report by RATESDOTCA. That marks a steep decline from CMHC’s market share of approximately 46% in 2019. Meanwhile, Canada’s two private providers of mortgage default insurance have seen their market share jump. Sagen reported a rise in market share to about 43%, up from […]  |
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