Ms. Romy Bowers at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On May 27th, 2021. See this statement in context.

May 27th, 2021 / 4:40 p.m.

President and Chief Executive Officer, Canada Mortgage and Housing Corporation

I'd like to point out that the mortgage insurance system that exists in Canada is a legislative requirement. CMHC and two other private companies provide mortgage insurance. As you know, it's a legislative requirement for people who don't have a 20% deposit on their houses to purchase the mortgage insurance and—

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