With respect to our mortgage insurance business, it is for high-ratio mortgages, so, by law in Canada, you have to purchase mortgage insurance when you don't have the 20% down payment.
President and Chief Executive Officer, Canada Mortgage and Housing Corporation
With respect to our mortgage insurance business, it is for high-ratio mortgages, so, by law in Canada, you have to purchase mortgage insurance when you don't have the 20% down payment.
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