Canada Housing Trust, the financing arm of the nation’s housing agency, may sell about 15% less debt this year as higher interest rates and sales taxes slow the rate of mortgage purchases. The Housing Trust has issued C$13.9bn (US$13.1bn) so far this year in 5-year, 10-year and floating-rate notes, according to estimates by Canada Mortgage and Housing Corp. (CMHC).
CMHC forecasts 15% drop in Canadian mortgage debt sales
Most Popular Articles
Latest Articles
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.