With respect to our mortgage insurance business, it is for high-ratio mortgages, so, by law in Canada, you have to purchase mortgage insurance when you don't have the 20% down payment.
On May 11th, 2021. See this statement in context.
On May 11th, 2021. See this statement in context.
May 11th, 2021 / 11:50 a.m.
President and Chief Executive Officer, Canada Mortgage and Housing Corporation
With respect to our mortgage insurance business, it is for high-ratio mortgages, so, by law in Canada, you have to purchase mortgage insurance when you don't have the 20% down payment.
See context to find out what was said next.