With regard to the impact of rising interest rates on the Canada Mortgage and Housing Corporation (CMHC): what are the CMHC's projections on the number, total value, and percentage of CMHC insured mortgage loans that will be in a default situation based on (i) current interest rates, (ii) higher interest rates, broken down by 50 basis point intervals?
In the House of Commons on December 5th, 2022. See this statement in context.