## Author Summary
CMHC's Q3 2025 report reveals robust net income of $493M, strong demand for multi-unit insurance covering 60,122 units, and low arrears at 0.32%, underscoring commitment to housing initiatives amid market growth. (148 characters)
## Key Financial Highlights
Canada Mortgage and Housing Corporation (CMHC) released its Quarterly Financial Report for the third quarter of 2025, highlighting solid performance. For the three months ended September 30, 2025, net income reached $493 million, with year-to-date net income at $1,346 million. Government funding stood at $575 million for the quarter and $3,913 million year-to-date.
New National Housing Act Mortgage-Backed Securities guaranteed totaled $47 billion in Q3 and $129 billion year-to-date.
### Q3 Performance Table
| Metric | Three Months Ended Sep 30, 2025 | Year-to-Date Sep 30, 2025 |
|--------|---------------------------------|---------------------------|
| Net income ($M) | 493 | 1,346 |
| Government funding ($M) | 575 | 3,913 |
| New securities guaranteed ($B) | 47 | 129 |
## Insurance and Market Insights
CMHC insured 60,122 multi-unit residential units in Q3, contributing to 197,573 units year-to-date, as builders rely on these products for rental supply. Insurance-in-force hit $462 billion, with guarantees-in-force at $577 billion; CMHC covers 20.0% of Canadian residential mortgages. The national arrears rate for insured mortgages remains low at 0.32%, up slightly from 0.30% last year but below historical averages.
## Capital Management
Total Mortgage Insurance capital reached $12.3 billion, with available capital at 191% of the minimum required. Securitization capital available was $2.6 billion, at 161% of required levels.
## Executive Quote
> “We are pleased to see the momentum for our commercial products continue to grow as CMHC delivers on market housing, helping an increasing number Canadians purchase homes. We also continue to facilitate an increase in rental supply through strong demand for our multi-unit insurance products. We remain committed to delivering on key Government initiatives and working with our many partners, including the newly created Build Canada Homes, to help address the housing crisis.” – Michel Tremblay, Chief Financial Officer and Senior Vice-President, Corporate Services
The full Quarterly Financial Report is available online.
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Yahoo Finance Canada — 2025-11-28