CMHC reports strong Q2 results despite trade uncertainty
Renewed US-Canada trade tensions are creating fresh uncertainty for Canada’s housing market. DLC Group chief economist Dr. Sherry Cooper says tariff pressures and rising US long-term rates could weigh on the economy, Canadian dollar and mortgage rates.https://t.co/ZOYjB7oJjY
— Canadian Mortgage Professional Magazine (@CMPmagazine) August 25, 2026
Multi-unit segment leads first-half gains
The multi-unit residential insurance segment drove much of CMHC’s first-half momentum.
According to the report, 141,345 units were insured across the first two quarters of 2026, a 2.8% increase from 137,451 units during the same period in 2025.
Of those, 57,524 units were for new construction, compared with 55,511 in the first half of 2025, pointing to sustained activity in purpose-built development markets where brokers have remained engaged.
CMHC also continued to deliver on the Canada Mortgage Bond (CMB) program expansion announced in Budget 2025, issuing $19 billion in CMBs during Q2 alone. The CMB program pools CMHC-insured mortgages and issues government-backed securities, playing a central role in ensuring financial institutions maintain access to long-term mortgage funding.
“CMHC’s second quarter results reflect continued strong demand for the services and products we provide,” said Michel Tremblay, Chief Financial Officer and Senior Vice-President, Corporate Services at CMHC.
