Here's how much CMHC returned to taxpayers

by Steve Randall25 May 2018

The Canada Mortgage and Housing Corporation has reported its latest dividend payment to the Government of Canada, its only shareholder.

Ahead of its latest full quarterly report, the crown corporation says it paid a dividend of $1 billion.

In a statement accompanying the announcement, CMHC said:

“As a Crown Corporation, we are the only mortgage insurer whose proceeds benefit Canadians. The dividend balances returning excess capital to the Government, while retaining sufficient capital to protect against housing market risks. Our dividend framework is informed by our risk appetite, stress testing and scenarios analysis. We intend to continue to return excess capital to the Government while establishing a dividend that allows us to maintain capital in line with our long-term capital needs.”

The corporation says that it intends to continue providing quarterly announcements of its dividend payments, subject to the approval of its board of directors.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?