For the three months ended March 31, 2026, CMHC insured 10,459 transactional homeowner units, a slight increase over last year, mainly due to increased housing market activity in Quebec, Alberta and Ontario.
Multi-unit residential insurance activity remained strong, with 71,733 units insured, up 30% from 55,383 in Q1 2025 underscoring the continued demand for CMHC's multi-unit mortgage loan insurance products. Of the total units insured, 26,294 units were for new construction, compared to 27,447 units in Q1 2025.
Executing on the Canada Mortgage Bond (CMB) increase announced in the Budget 2025, CMHC issued $20.5 billion. Overall, new securities guaranteed reached $63 billion, up from $54 billion in Q1 2025, supporting continued liquidity in Canada's housing finance system.
"Despite a more uncertain economic environment, CMHC's first quarter results reflect the strength of our core businesses. We will continue to closely monitor economic conditions while supporting the stability and accessibility of Canada's housing system.", Michel Tremblay, Chief Financial Officer and Senior Vice-President, Corporate Services
Additional highlights for the three-month period ending March 31, 2026:
The arrears rate for all CMHC insured loans remained low at 0.33%, up slightly from 0.30% in the same quarter last year and still below historical averages, contributing to low claims paid.
MLS® home prices ...
