CMHC released its Quarterly Financial Report for June 30, 2012.
Highlights of the report:
- Total Insured vloume (units) down compared to 2011 second quarter from 146k to 112k.
- Total insurance-in-force is up by about $10 billion to $576 billion in six months ending June 30.
- Net income is up compared to 2011 if we compare first six months income – $782 million in forst six months of 2012 vs $762 million in 2011.
- Net income is down if we compare the second quarters. $335 million compared to $383 million in 2011.