With regard to the Canada Mortgage and Housing Corporation's (CMHC) insured mortgages, broken down by individual and corporate borrowers for each year since 2017, and by province: (a) how many mortgages have defaulted; (b) what was the value of the mortgages in (a); (c) how many times has CMHC had to repay a bank on behalf of the insured due to mortgage defaults; (d) how much have those defaults cost CMHC; and (e) how has the frequency of defaults increased or decreased, relative to the Bank of Canada interest rate adjustments?
In the House of Commons on September 18th, 2023. See this statement in context.