CMHC forecasts 15% drop in Canadian mortgage debt sales

Canada Housing Trust, the financing arm of the nation’s housing agency, may sell about 15% less debt this year as higher interest rates and sales taxes slow the rate of mortgage purchases. The Housing Trust has issued C$13.9bn (US$13.1bn) so far this year in 5-year, 10-year and floating-rate notes, according to estimates by Canada Mortgage and Housing Corp. (CMHC).

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