Canadian Home Mortgage Company Ltd.

Description

Canada Mortgage and Housing Corporation is a Crown Corporation. It was established to administer the National Housing Act of Canada and can therefore design programs to create employment by encouraging construction of new dwellings and improving the quality, accessibility and affordability of homes everywhere in Canada. For over 50 years, CMHC has developed new ways of helping Canadians finance home purchases and has encouraged innovation in housing design and technology. Mortgages under the National Housing Act can be obtained through CMHC approved lenders. These lending institutions can provide high ratio mortgage financing above 80% of the purchase price or appraised value of a property, provided there is mortgage insurance on the loan.

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