47% decrease in mortgage loan business 'new normal': CMHC
 

http://static-global-s-msn-com.akama...6&q=60&o=f&l=fTORONTO - Canada's national housing agency said Wednesday that the 47 per cent decline in the country's insured mortgage market year-over-year in the third quarter is the "new normal level." The Canada Mortgage and Housing Corp. said in its latest financial report that it provided mortgage loan insurance to 67,915 units for the three-month period ended Sept. 30 compared to 127,991 units during the same period a year ago. Steve Mennill, CMHC's senior ...

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