The first two divisions depend on government funding of about $2-billion a year. The mortgage insurance and securitization units are run like commercial operations, and that's where CMHC makes all its money. (The government does not let the agency cross-subsidize from one unit to another so that the mortgage insurance and securitization divisions are truly commercial.) About 96 per cent of the agency's profit comes from mortgage insurance. CMHC controls about 70 per cent of the country's mortgage insurance market, with the other 30 per cent held by.
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Agency's Profit
Mortgage Insurance
commercial
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