CMHC Releases 2016 Third Quarter Results
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 11/29/16 -- Canada Mortgage and Housing Corporation (CMHC) released its third quarter financial results today as well as supplemental data on the Corporation''s Mortgage Loan Insurance, Securitization, and Covered Bonds business activities.
CMHC''s mortgage loan insurance and securitization guarantee programs operate on a commercial basis without support from Canadian taxpayers. During the quarter, CMHC generated $331 million in net income from these activities.
Report Highlights
Consistent with our mandate, CMHC is present in all markets and through all economic cycles.
CMHC also works closely with provinces, territories and housing providers, including First Nations, to help low-income Canadians access affordable, better quality housing. For the three-month period ended September 30, 2016, CMHC provided more than $531 million for housing programs on behalf of the Government of Canada.
This release includes .
A copy of the Quarterly Financial Report and the supporting business supplements are available .
CMHC''s Mortgage Loan Insurance, Securitization and Covered Bond business supplements offer additional data on CMHC''s commercial activities to help readers better understand our business. CMHC has been Canada''s national housing agency for over 70 years.
CMHC helps Canadians meet their housing needs. As Canada''s authority on housing, we contribute to the stability of the housing market and financial system, provide support for Canadians in housing need, and offer objective housing research and information to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of our operations.
QUOTE
"Helping Canadians access housing that meets their needs is what CMHC is about and our third quarter results reflect the continued strength of our business. Despite economic challenges in parts of the country, we continue to generate a positive return for all Canadians. What''s more, our portfolio remains strong as evidenced by the increasing equity borrowers have in their homes and the downward trend of our arrears rate, among other factors."
Wojo Zielonka, Chief Financial Officer
Canada Mortgage and Housing Corporation
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Contacts:
Karine LeBlanc
CMHC Media Relations
613-740-5413
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Datum: 29.11.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 1472586
Anzahl Zeichen: 4317
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OTTAWA, ONTARIO
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Commercial Real Estate
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