CMHC: Mortgage Loan Insurance is Up

Earlier this week, Canada Mortgage and Housing Corporation (CMHC) released their quarterly financial report on earnings and trends. One of the most notable trends from the report, is that mortgage loan insurance is up 11.2 per cent across Canada from last year. Further to this, mortgage loan delinquencies are up in Alberta. Simply put, people are having a harder time with down payment amounts, and are having some difficulty keeping up with there mortgage payments. More Albertans are having difficulty paying their mortgages on time, according to data from the Canada Mortgage and Housing Corporation. As of the end of June, the federal Crown corporation said 1,487…