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CMHC releases results for second quarter of 2025

OTTAWA, ON, Aug. 29, 2025 /CNW/ - Canada Mortgage and Housing Corporation (CMHC) today released its Quarterly Financial Report showing an increase in demand for transactional homeowner mortgage insurance and continued strong demand for its multi-unit insurance products.

For the period ending June 30, 2025, transactional homeowner units totalled 28,132, an increase of 28% over the 22,038 units in the same period in 2024. Decreasing interest rates ─ which lower the cost of borrowing ─ along with new mortgage rules permitting 30-year amortization terms on insured mortgages have positively influenced housing market activity, leading to increased unit volumes.

In the first half of 2025, CMHC continued to see strong multi-unit residential insured volumes, which totaled $31,377 million, up from $31,175 million during the same period last year, a one percent increase. Overall, demand was largely driven by new construction volumes. In 2025, new construction insured volumes were $19,551 million comprising 55,551 units, compared to $19,363 million and 60,692 units during the same period of 2024. Despite the decrease from the same period last year, new construction units continue to contribute to the needed housing supply in Canada.

"It's encouraging to see these increases in the number of homeowner units insured over the first two quarters of this year. It means our transactional mortgage insurance is helping more people purchase homes, and that it supports a strong housing finance system in Canada. CMHC continues to facilitate the growth of rental supply in Canada with strong uptake of our multi-unit insurance products, specifically those supporting new construction."– Michel Tremblay, Chief Financial Officer and Senior Vice-President, Corporate ...